Friday, July 30, 2021

Logo Central America Link

Panama’s booming economy fueling concern over possible runaway inflation

Thursday, April 28, 2011

Panama’s economic growth, which is expected to reach 7 percent by year’s end, is also generating increased inflation economists warn. On Tuesday, the government reported that the country’s economy recorded a 9 percent growth in February, as compared to February of 2010.

In March, inflation accelerated to 5.5 percent; its highest rate in over two years. All the indications are that  the April figures will show a further increase putting pressure on wage rates as lower paid workers struggle to survive.

Original source: Newsroom Panama