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Panama foresees 15 percent growth a year

Wednesday, October 19, 2011


Panama is forecasting 15 percent growth a year over the next four years thanks to the trade accord with the United States, and multi-million investments in the broadening of the Canal and in mining.

The economy minister, Ricardo Quijano, said that growth in the first half of this year was 10.3 percent. Once the trade accord with the United States comes into force in next year’s first quarter, that figure could rise to 14 percent.

Quijano’s forecast were in sharp contrast to the more modest projections published in September by the International Monetary Fund.


Original source (in Spanish): Associated Press