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- 10/09/2009 02:00
PANAMA. The most recent competitiveness global index from the International Monetary Fund (IMF) reveals Panama has taken a step back in...
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Agrega La Estrella en Google ↗️PANAMA. The most recent competitiveness global index from the International Monetary Fund (IMF) reveals Panama has taken a step back in their world ranking.
Panama has gone from 58th position to 59th in the list led by the most competitive country in the world, Switzerland.
The diagnostic research evaluated 133 countries by conducting 12,000 surveys to representatives of the private sector.
Three key aspects registered Panama's fall in competitiveness; efficiency of the job market, infrastructure, and education.
The report identifies corruption, bureaucracy and restrictive labor laws as problematic issues that hinder Panama's business abilities
Despite this one step down, Panama is the fourth most competitive country in the region after Chile, Costa Rica and Brazil.
There were areas in which Panama improved notably, like macro economic stability, market size and sophistication.
Of the Latin region, only Panama and Chile dropped in the world ranking.
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