LatinNews Daily - 24 September 2021

In brief: Panama’s economic activity continues to surge

* Panama’s national statistics institute (Inec) has released figures which show that the country’s monthly indicator of economic activity (Imae) posted year-on-year growth of 28.5% in July. It cites mining, trade, construction, other community, social & personal services, transport, and storage & communications as sectors which posted a good performance. According to Inec, the latest figures indicate that the economy is in the process of recovery following the impact of the coronavirus (Covid-19) pandemic which caused Panama’s GDP to shrink 17.9% in 2020. The United Nations Economic Commission for Latin America & the Caribbean (Eclac) forecasts that Panama’s GDP will grow 12% in 2021.

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