Panama raises 2023 economic growth forecast to ‘at least’ 6%

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Panama’s economy is also expected to grow by 5% in 2024.

The revision is supported by growth in several sectors including commerce, construction, tourism and banking.

PANAMA CITY: Panama’s economy is now set to grow “at least” 6% this year, up from the 5% previously forecast, the country’s economy and finance ministry said on Wednesday. The revision follows strong economic activity in past months, supported by growth in the commerce, construction, tourism, banking, insurance, transportation and electricity sectors, the ministry said in a statement.By 2024, Panama’s economic growth will be supported by transport and telecommunications, manufacturing, tourism, construction, trade and other industries, the ministry added.Subscribe to our newsletter and get news delivered to your mailbox.

 

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