Oxford Economic Country Briefings, December 10th, 2007
Highlights and Key Issues
* GDP growth is set to exceed the 2006 rate of over 8%, driven by a further expansion in Canal traffic: container transits were up 10% and total transits up 3.7% in the year to endSeptember. FDI rose 19.4% to US$600m in H1, of which 30% went into the colon freezone and 23% into financial services.
* Downside risks to 2008-10 growth arise from a possible slowing of world industrial trade. Offshore financial service growth is fuelled by dollarisation, competitive banking and expanding Canal-related logistics, but faces short-run constraint from risks of a local land p...
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