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Panama goes hell for leather with 9.7 percent economic growth

Thursday, June 16, 2011


Panama's economy expanded 9.7 percent during the first three months of 2011 from a year earlier.

The robust quarter in one of Latin America's top-performing economies was driven by traffic through the country's transoceanic canal, as well as by construction and banking.

Panama's economy appears to be accelerating after growing 7.5 percent last year. Annual growth was 8.7 percent in the fourth quarter.

Original source: Reuters