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Panama's economic growth slows down

Wednesday, September 11, 2013


The pace of growth in Panama's economy slowed in June as trade in the Central American country's Colon Free Trade Zone and traffic through its canal and ports remained weak.

The monthly gross domestic product proxy rose 4.7 percent in June compared with the same month last year, the government statistics agency said.

Panama's duty free zone, the largest such area after Hong Kong, has faced currency and trade troubles this year with Colombia and Venezuela, its two biggest trading partners.

Source: Reuters