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Panama's growth slows to 8.4 percent in 2013

Friday, March 21, 2014


Panama's economy slowed in 2013 after two straight years of double-digit growth, but remained one of Latin America's fastest expanding economies thanks to heavy government infrastructure spending.

Panama's economic activity rose 8.4 percent last year compared to a downwardly revised 10.2 percent in 2012, the government statistics agency said.

The easing in growth comes as investments in large-scale infrastructure projects, including the $5.25 billion expansion of the Panama Canal, draw to a close.

Source: Reuters