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Panama will grow more

Wednesday, June 20, 2012

There is good news this year for Central America at the macroeconomic level, especially for Panama, which has the highest growth forecast in the region, according to the Economic Commission for Latin America and the Caribbean, in its report presented on June 14 .

With an estimated 8% growth, Panama’s economy would grow only slightly less than in 2011, when its expansion was 10.6%.

Other Latin American countries projected to grow quickly this year are Haiti (6.0%), Peru (5.7%), Bolivia (5.2%) and Costa Rica (5.0%).

A more adverse scenario for 2012-2013 should not be ruled out, however, in the event of increased instability in the United States and Europe. "This could mean an interruption of financial flows to the region and the suspension of bank credit lines abroad, with potential currency depreciation, and a reduction in investment, "says the report.

The figures represent the projected growth in percentages for the economies of Central American countries in 2012.

1. Panama 8.0
2. Costa Rica 5.0
2. 5.0 Nicaragua
3. Guatemala 3.5
4. Honduras 3.2
5. El Salvador 2.0