Q1 Growth: Canal To The Rescue

BMI View: Positive first quarter GDP growth data lent weight to our view that canal-related activity would prevent a contraction of the Panamanian economy in 2009. That said, with a number of key factors - such as a deepening consumer retrenchment - pointing to a worse second quarter, we are holding to our below-consensus 0.8% real GDP growth projection for now.

To read the full article, please choose one of the following options: