Panama economy grew 1.98 pct in July, helped by fishing, transport


News from Panama / Tuesday, September 18th, 2018

Panama’s economy grew 1.98 percent in July compared to the same period a year earlier, helped by growth in sectors including fishing, transportation and communications, the government said on Monday.

Nevertheless, the growth figures for July were the second-lowest of the year so far, according to government figures.

The government did not disclose how much each sector grew.

The government is targeting economic growth of 4.5 percent this year, below last year’s 5.4 percent growth rate, due to declines in sectors such as construction, which has been hampered by strikes and fewer projects.

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