INSUBCONTINENT EXCLUSIVE:
Panama closed 2023 with an impressive 5 to 6 percent economic growth, marking a significant achievement both regionally and globally.Yet,
2024 looms with its own set of challenges, especially with the upcoming national elections.ECLAC projects a 4.2 percent GDP growth for
Panama in 2024.This contrasts with the broader Latin American and Caribbean expectation of slowing growth, down from 2.2 percent in 2023 to
Panama Canal, rising interest rates, geopolitical uncertainties, and fiscal issues.He predicts these factors will dampen consumption and
private investment but expects a rebound in 2025 as rates drop.Unemployment and job formality are key issuesChapman also separates the
2023 and a hopeful 4 to 6 percent in 2024, contingent on wise national decisions.As Panama strides into 2024, it faces a mix of economic
