Growth and challenges ahead: the 2024-2025 economic forecast

PANAMA - Forecast 26 Jul 2024 by Marco Fernandez

The economic outlook for 2024-2025 predicts real GDP growth of 2.2% in 2024 and 4.0% in 2025, supported by major investments and recovering Canal operations. Key risks include the effects of the cessation of copper mining, high interest rates and fiscal deficits. Inflation will rise slightly, and unemployment will stay high. Politically, former President Martinelli's influence remains strong, and significant infrastructure projects such as the Panama-David train will continue.

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