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Panama sees regaining its economic crown

Friday, April 7, 2017

Panama will regain its crown as Latin America’s fastest growing economy this year on a surge in trade through the newly-expanded canal and government investment in other infrastructure projects, the finance minister said.

The Central American country will leapfrog the Dominican Republic, growing 5.8 percent in 2017, a year after the $5.3 billion expansion of the canal allowed the passage of larger ships, Dulcidio de la Guardia said in an interview in Buenos Aires.

Source: Bloomberg