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Panama braced for potential dip in world economy

Thursday, May 31, 2012

Panama is bracing itself in case of a hard-hitting worldwide economic crisis.

Over the last years, Panama has been by far the fastest growing economy in Central America, investing billions in high-calibre infrastructure projects.

In order to prepare in case of the collapse of some European economies, Panama will used some $1.2 billion in savings, which the government expects to increase to $30 billion over 10 years once once the Canal expansion has been complete.

Full story (in Spanish)