Thursday, April 18, 2024

Logo Central America Link

Panama: growth to exceed 8.5 percent, says IMF

Tuesday, November 22, 2011

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