New forecasts from the International Monetary Fund (IMF) show Panama is expected be the Latin American growth leader over the next five years. This report from the Latin Business Chronicle covers the forecasts and more. If you don’t subscribe as yet, you should to keep up on Latin American affairs.
Panama is expected to post the highest GDP growth in Latin America the following five years, with Peru and the Dominican Republic close behind, according to a Latin Business Chronicle analysis of new forecasts from the International Monetary Fund (IMF).
Brazil will see growth above the Latin American average, while Mexico’s GDP will likely expand below the regional average.
Meanwhile, Venezuela will remain the growth laggard, followed by Ecuador.
All in all, Latin America’s GDP is set for a 4 percent expansion the next five years. That compares with 2.8 percent in the United States and 1.9 percent in the European Union.
THE GROWTH WINNERS
During the period 2012-16, Panama will see an average growth rate of 6 percent.