Tuesday, June 22, 2021

Logo Central America Link

Panama economy causes concern, says Cato analyst

Monday, February 25, 2013


The fact that an economy growing at 11 percent in fiscal deficits incurred is a true reflection that "there is an important cyclical inbalance", said Juan Carlos Hidalgo, public policy analyst for Latin America at the Cato Institute, about Panama's economy.

Panama closed 2012 with a fiscal deficit of 2.1 percent of gross domestic product, to which Hidalgo said: "perhaps the deficit is small and debt under control, but that was also so in Spain, which had a surplus in 2007".

The government, for its part, argues that the deficit is a result of infrastructure, and it is necessary for the development of the country.


Source: Newsroom Panama