Which Economy Will Grow Most This Year?


News from Panama / Tuesday, November 19th, 2019

Which country’s government subsidized 7 international airports and remains the number 1 destination for tourists???

In its latest update of economic growth projections for 2019, ECLAC estimates that the Dominican Republic will close the year with a 5% increase, followed by Panama, which would reach a growth rate of 3.7%.

According to economic growth projections for Latin America, which were estimated by the Economic Commission for Latin America (ECLAC) and updated in November, the Dominican Republic will be the country in the region that will increase its production the most this year.

It is followed by Panama with 3.7%, Guatemala with 3.3%, Honduras with 2.9%, El Salvador with 2.2% and Costa Rica with 1.8%. In the case of Nicaragua, the international organization estimates that the economy will contract by 5% by the end of 2019. See full updated table.

For the economies of Central America and Mexico, meanwhile, is expected an expansion rate of 0.7% for 2019 and 1.6% for 2020, values that imply a reduction with respect to the average growth rate observed since 2014 in this subregion, states the statement issued.

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