November 10, 2016
In Costa Rica, GDP growth forecasts have risen to 3.9% this year, up on last year’s growth of 3.7%, while the second quarter of 2016 saw GDP expand 4.1% over the same period in 2015, according to FocusEconomics.
Panama remains the darling of Central America, with its economy growing 5.2% year-on-year in the three months to June 2016, compared to 4.6% in the previous quarter. Its economy is projected to grow 6% this year, mainly due to expansion of the Panama Canal.
“Central America as a region has benefited in recent months from low interest rates and low commodity prices,” says Federico Odio González, general manager of BAC San José. “If these tailwinds change, we still have some structur
This year’s winner shone above its peers in Panama and grew its loan portfolio in Costa Rica