Panama: growth to exceed 8.5 percent, says IMF
Tuesday, November 22, 2011
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The Panama Canal's expansion is driving growth and demand in Panama, where economic growth is set to exceed 8.5 percent this year, making it one of the fastest-growing countries in the Western Hemisphere, the International Monetary Fund said.
"Near-term prospects are favorable, although global risks associated with economic activity and financial stability are on the rise," the IMF said in a statement at the end of regular economic consultations with Panama's authorities.
It said inflation would likely remain relatively high in Panama.
Original source: Reuters