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Scandals lower IMF growth forecast for Panama

Monday, March 20, 2017

Corruption scandals and “reputational risks” have  played a role in the International Monetary Fund lowering its forecast for growth in the Panamanian economy from 5.8 to 5.1 percent this year.

But in the midst of ongoing revelations the body  continues to see the country’s  economy as one of the  most dynamic in the region. An IMF mission, which ended  an on-site visit on Thursday, blamed the downgrade on increased international uncertainty, but forecasted a 5.5 percent expansion in the following years.

Source: Newsroom Panama