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“It’s a very important election, the most important since after the US invasion” in 1989, said Daniel Zovatto, a global fellow with the Latin America Program at the Wilson Center, a think tank.

“The situation is very complex and the next president, whoever is elected, is going to have an agenda overloaded with problems in a country that is very polarized and undergoing a lot of political tension and uncertainty,” he added.

what is causing the decline of sat industries limited (511076) ✌️【Wealth Growth】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. At stake is the financial stewardship of a country of 4.4 million people, which is facing high inflation and a stagnating economy that has led to widespread unease. Water access will also factor high into voter’s minds, analysts say: droughts exacerbated by El Nino have made access to potable water scarce in some regions and reduced the capacity of thePanama Canal, a centerpiece of the country’s GDP.

Once a GDP leader in the region, Panama’s economy has slowed dramatically in recent years, with the IMF forecasting GDP growth of only 2.5 percent this year, down from 7.3 percent last year. In March, credit agency Fitch downgraded Panama’s rating to junk status citing “fiscal and governance challenges” that followed a controversial decision to close the country’s largest mine last year.

what is causing the decline of sat industries limited (511076) ✌️【Wealth Growth】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. Among the favorites, José Raúl Mulino, a rightwing former public security minister, has pledged to return the country to its economic heyday and totackle high unemploymentwith a plan to incentivize private hiring with government funds.

what is causing the decline of sat industries limited (511076) ✌️【Wealth Growth】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. More controversially, Mulino has also vowed to shut down the Darién Gap, thetreacherous stretch of junglebeginning in Panama that’s become a main highway for migrants making their way to the US – a phenomenon that is fueling political chaos in the United States as Americans prepare for their own presidential vote this fall.

what is causing the decline of sat industries limited (511076) ✌️【Wealth Growth】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. More than half a million migrants, mostly from Venezuela, crossed through the Darién Gap in 2023, according to the Panamanian government, twice the amount recorded in 2022. The US has been working for months with officials in Panama and Colombia, where the jungle ends, to attempt to shut down the route.

what is causing the decline of sat industries limited (511076) ✌️【Wealth Growth】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. Mulino has not said how he would carry out a closure of the jungle to migrants, and some analysts “question whether this would stem migration or simply prompt new routes,” an Americas Society/Council of the Americas report said.

For Panamanian voters, corruption is top of mind as they head to the polls, according to recent Gallup polling, followed by unemployment, unsatisfactory medical care, and the cost of living.

what is causing the decline of sat industries limited (511076) ✌️【Wealth Growth】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. The case of former President Ricardo Martinelli, who was disqualified from running by the courts because of a past corruption conviction, stands out.

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what is causing the decline of sat industries limited (511076) ✌️【Wealth Growth】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. The case related to a publishing group that, according to the country’s public ministry, was purchased with funds that came from state contracts that were handled irregularly. Martinelli, who maintains his innocence, is currently taking refuge from local authorities in Nicaragua’s embassy in the Panama City, and Nicaraguan authoritieshave granted him asylum.

Once the favorite to win this year’s presidential race, Martinelli was disqualified from running by Panama’s electoral court in March because of the conviction and sentence. Mulino, who had been Martinelli’s running mate, then took over the ticket for the Achieving Goals party.

But Mulino’s candidacy was challenged as well and under judicial review until just days before the election, injecting uncertainty into the race. On Friday, the country’s Supreme Court decided that Mulino’s candidacy was constitutional and therefore could proceed.

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