While the rest of the world is slowing, Panama’s economy is set to expand by 10 per cent this year
Somebody forgot to tell Panama about the eurozone crisis. While the rest of the world is slowing, its economy is set to expand by 10 per cent this year and 7.5 per cent next. Few countries, perhaps none, can match that.
The canal is responsible for most of this growth. Indeed, since the country took it over in 1999, Panama’s economy has tripled in size.
That remarkable performance is because Panama runs the canal more efficiently and more commercially than the US ever did.
Original source: Financial Times