Construction strike lasted 4 weeks
PANAMA’S gross domestic product (GDP) climbed 3.7% to $2.0393 billion, in the first half pf 2018, the lowest rate of growth of the economy in one semester since the world financial crisis in 2009 GDP grew 2.4%. reports the Comptroller General Since then, the mid-year growth has always reached at least around 5%, with some peaks that exceeded 10%.
The result of this year marks a deceleration of almost two percentage points in comparison with the 5.8% growth of the economy in the first half of 2017.
The one-month strike of construction workers was a major contributing factor, combined with, shrinking tourism figures leading to layoffs of over 5,000 hotel and restaurant workers.
What effect did the "cookie jar" expenditures for the members of the Assembly have on the GDP?