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Panama seeks soft landing after boom in economy

Monday, March 19, 2012


Panama is working on a plan to engineer a soft landing for its economy when the current boom comes to an end in two years.

“We are looking at logistics, banking and financial services, construction and social investment as sectors that will permit the country to continue to grow at high rates,” said the director of public credit, Dario Espinosa.

Panama is not preparing for a crisis or even a major downturn, but wants to be ready as one of the engines of growth, construction, slows between 2014 and 2015.



Source: Emerging Markets