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Panama boom transports former Casablanca into a tropical Manhattan

Wednesday, March 14, 2012

Panama is home to the fastest-growing economy in the Americas. Last year it expanded by 10.6 percent; this year 7 percent is expected.

This is akin to the “Brazilian miracle” of the 1970s.

Almost overnight Panama City has changed from a Casablanca-on-the-Pacific to a slice of Manhattan transplanted to the tropics.

Source: Financial Times