news.goldseek.com / By Randy Hilarski / 2 January 2015
2015 is here and the country that adopted me, Panama is once again projected to have very good economic growth. The IMF is predicting GDP growth of 6.4% while the World Bank is predicting GDP growth of 7%. If you hear projections like that it makes you think that Panama can be untouchable.
The Panama economy is not alone in being predicted to have good economic growth in 2015. Here is the break down of both the IMF numbers and the World Bank numbers.-
Thank the United States!-
Many equate this to the projected GDP growth of 3.1 in the United States predicted for 2015. Yes the American economy is just to the North but there is much more to the Panama economic growth. The possibility that the good American economy is keeping our economy growing in 2015 seems to be a far stretch. Since the crash, the US economy has been in shambles as the Panama economy has surged ahead.
Could it be the low interest rates in the USA over the last few years? Possibly, but like many others I thought the USA economy would suffer greatly if QE was taken away in 2014. Instead we have lower oil and people getting a much needed breather. How long it lasts before the Federal Reserve needs to save their buddies again remains to be seen.
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