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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