Panama will be among the most dynamic countries in the region in 2020 with a growth of 4.2%

Posted on 2020-01-15

The World Bank estimates that the Panamanian economy will grow 4.2% in 2020, which would mean an acceleration of the growth rate compared to 3.5% that is calculated for the end of 2019.

In addition, the acceleration of the economy would continue in the following years, with growth of 4.6% in 2021 and 4.8% in 2022.

The World Bank joins other institutions, such as the Economic Commission for Latin America and the Caribbean or the Government of Panama itself that they believe will be a turning point for the economy this year after a period of deceleration that has lasted since 2017.

According to the Washington-based agency of the economies of the region, Panama will only be surpassed by Guyana, with a growth of 86.7%, and the Dominican Republic, which will register 5% growth in 2020. Below Panama in growth rate would be Colombia (3.6%), Honduras (3.5%) and Peru (3.2%).

Source: La Prensa.