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Economy / Panama

Macroeconomic Forecast Panama

March 2011 | Macroeconomic Forecasts

BMI View: Panama's real GDP expanded by 7.4% in 2010, according to recently released data from the country's statistics agency. This was some way above our own 6.4% estimate, but in line with our view that the economy is currently experiencing one of the strongest growth rates in the whole Latin American region. While we lack data to confirm the breakdown of growth by expenditure, we expect strong private consumption and fixed investment to keep driving real GDP growth at a similar rate over the next years, at 6.3% in 2011 and 6.8% in 2012 according to our forecasts.

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