Scandals lower IMF growth forecast for Panama
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