Industrialists  forecast Panama economy back to pre-pandemic level in 2023

The Panama Union of Industrialists (SIP) projects that the Panamanian economy will grow by 7%, this year which will allow the generation of 10,000 new jobs.

“The country’s economy is in the process of recovery,” said SIP president Luis Frauca, who estimated that it will not be until 2023 when the figures that existed before the pandemic (2019) will return.

Among the activities of the industrial sector that have had a good economic performance and that are projected to continue contributing to the country are: mines and quarries, cement production, the slaughter of cattle and pigs, and dairy production.  “We know that all activities are having an upturn and those that have not yet stabilized will be doing so in the coming quarters,” said Frauca.