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cr1283.pdf
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🔗 Source: imf.org
📊 Size: 1.14 MB
👤 Author: IMF
⬇️ Downloads: 88

Summary

Panama's economy rebounded strongly from the 2009 slowdown, with rapid growth and prudent fiscal policy lowering public debt to under 40 percent of GDP. The country's sovereign debt is one notch above investment grade, and the banking sector is strong and resilient. Output growth may reach 10 percent in 2011 and moderate to 7-7½ percent in 2012, driven by the Panama Canal expansion and other large public infrastructure projects. Key challenges include strengthening the fiscal framework, upgrading financial sector regulation, and enhancing competitiveness and broadening growth prospects.

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Description

Panama's economy rebounded strongly from the 2009 slowdown, with rapid growth and prudent fiscal policy lowering public debt to under 40 percent of GDP.

Technical Information

  • File Format: PDF
  • File Size: 1.14 MB
  • Pages: 61
  • Language: EN
  • Author: IMF
  • Total Downloads: 88
  • Last Updated: 1 week ago

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