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Panama keeps foot on accelerator of economic growth

Thursday, December 27, 2012


The economy of Panama grew 10.2 percent in October this year, compared to the same month in 2011, according to data from the country's statistics agency.

The strongest sectors were construction and mining, boosted mainly by the $5.3 billion Panama Canal expansion project and the capital city's Metro system, valued at $1.2 billion.

However, metal, plastics and chemical manufacturing declined, as did the fishing industry, mainly due to a drop in the species which the country usually exports.

Full story (in Spanish)