Your Panama Retirement Means More Than Palm Trees

Your Panama retirement means more than Palm trees and a low cost of living. It means you will be a big contributor to this thriving growing economy which may emerge as one of the strongest in the world.

"Panama’s economy is set to surge over the coming years, according to economists and US officials, owing in large part to the recent decision to expand the canal. US Ambassador William Eaton spoke of the country’s ‘bright future’ during a speech given at a recent meeting with Panama officials, celebrating the October 22 referendum in which voters overwhelmingly approved the $5.2 billion canal expansion plan.1
When you Retire in Panama you want to make sure inflation is the furthest thing from your mind and your Panama retirement savings. If that is one of your concerns Eaton's additional comments should set your mind at ease.

"Panama has had one of Latin America’s fastest growing economies and low rates of inflation," he pointed out, adding the country also held one of the region’s highest per capital levels of GDP.

"It’s no wonder that Panama continues to grow as a regional financial center and a hub for civil aviation and global commerce."

In addition to the decision to modernize the 92-year-old canal, Ambassador Eaton pointed to a number of other positive indicators that signaled economic growth for the tiny Central American country.

"… I’m even more excited this year about Panama’s prospects," enthused the American diplomat to the assembly. "And, it’s not simply because Panamanians have just taken a huge step forward by deciding to modernize the Panama Canal."
Continuing low inflation, a stable dollar based economy and the potential for a trade agreement with the United States bolster the economic picture in Panama, he stressed.

Your Panama Retirement does mean so much more than a pleasant place to spend your winters. You can lie back in the sun with that warm feeling of contribution as you watch the country grow and the people prosper.

1. Source: Catherine Keogan is a writer and journalist living in Central America. For more news and information about Panama, please visit http://www.panamareals.com.
For additional information visit LearnAboutPanama.com

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