LatinNews Daily - 25 May 2022

In brief: Panama’s growth continues to recover

* 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 12.63% in March. It cites other community, social & personal services; trade; construction; hotels & restaurants; transport, storage & communications as sectors which posted a good performance. Panama’s GDP grew 15.3% in 2021 after contracting 17.9% in 2020 as a result of the impact of the coronavirus (Covid-19) pandemic – the largest contraction in Central America. The United Nations Economic Commission for Latin America & the Caribbean (Eclac) is forecasting Panama’s GDP will grow 6.3% in 2022, the highest in Central America.

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