May 1, 2011
by Sean Mattson
Panama is expected to remain near the top of LatAms GDP growth leaders list in 2011 with growth expected to surpass 7%, according to government and independent economist projections. It could be LatAms top GDP performer for the next decade, Banamex economist Sergio Luna said at a recent Council of the Americas conference in Panama City. He says Panama is projected to lead LatAm for the next decade with 6.9% average annual GDP expansion, after leading LatAm over the last decade with 6.1% growth. Panama ended 2010 with a 7.5% expansion, according the governments initial estimate.
FDI is pouring in, with the small Central American nation of 3.4 mi
Rapid growth is still predicted, but the country is encountering speed-bumps along its way. Maintaining fiscal discipline and inflationary pressures will be among the challenges.