PANAMA IS IN THE INTERNATIONAL NEWS AGAIN - Panama will have Latin America's highest GDP growth in the five-year period starting next year, while Venezuela will have the lowest, according to a Latin Business Chronicle analysis of new forecasts from the International Monetary Fund.
My friend and Editor-in-Chief, Joachim Bamrud publishes one of the best sources for important events in Latin America. Latin Business Chronicle is the one-stop source on Latin America's business, technology and politics. With his permission, I bring you this part of this very well written and important forecast for Panama.
Wednesday, October 07, 2009
Growth Champions 2010-14: Panama, Peru
Panama, here represented by capital Panama City, will likely see the highest economic growth in Latin America in the 2010-14 period. (Photo: DSaso)
Mexico will outperform Brazil the next five years, while Panama will lead Latin America in GDP growth, the IMF forecasts.
BY CHRONICLE STAFF
Panama will have Latin America's highest GDP growth in the five-year period starting next year, whileVenezuela will have the lowest, according to a Latin Business Chronicle analysis of new forecasts from the International Monetary Fund.
Other growth stars include Peru, theDominican Republic and Chile. On the opposite end, top losers includeEcuador, Honduras and Argentina, our analysis shows.
LATIN AMERICAN GROWTH
All in all, Latin America is expected to grow by an average of 3.8 percent in the five-year period 2010-14. That’s higher than the world average of 3.3 percent. It will also be considerably better than the expected growth rates in developing markets like the United States (2.3 percent), Canada (2.7 percent), United Kingdom (2.4 percent), Germany (1.4 percent) and Japan(2.0 percent). And while Latin America will lag other emerging areas like Africa and the Middle East, it will outperform Central- and Eastern Europe.
Panama will grow an average of 6.1 percent in the period 2010-14. Peru follows with 5.6 percent growth in the same period.
While Panama and Peru have been the growth stars in Latin America the past few years, the five-year outlook going forward also includes countries like the Dominican Republic and Chile. The Dominican economy – the largest in the CAFTA trade block -- should grow by an average of 5.2 percent, while that of Chile will likely expand by 4.9 percent in the five-year period through 2014.
Sources: International Monetary Fund (World Economic Outlook, October 2009), Latin Business Chronicle (calculation of average 2010-14).
No comments:
Post a Comment