Panama growth leads Central America
The Panamanian economy will be, by far, the most robust in Central America in 2011, the International Monetary Fund (IMF)said in forecasts released Wednesday.
The IMF has increased its estimates for Panama‘s economic growth from 5 percent to 6.2 percent this year and from 6.3 percent to 6.7 percent in 2011.
In terms of inflation, the new IMF forecasts have projected it will increase from 3.3 percent to 4.1 percent in 2010. But in 2011, it estimated inflation will not rise as quickly. That forecast has dropped from 2.9 percent to 2.7 percent.
Deficit levels are expected to be 7.9 percent for both 2010 and 2011, down from projections of 8.5 percent for this year and 8.9 percent for next year.