Macroeconomic Forecast Panama

BMI View: Panama's economic activity index has been ticking along at a consistent pace since the turn of the year, reinforcing our view that the country is in the midst of a sustainable recovery. Economic activity growth was 5.5% y-o-y (seasonally adjusted) in August, and with latest Q210 GDP by output data showing broad-based growth across the key transport and communication, and real estate sectors, we hold to our forecast for real GDP growth of 6.4% and 6.5% in 2010 and 2011 respectively.

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