Panama will grow by 6% from 2015, one percentage point below the last forecast United Nations Economic Commission for Latin America and the Caribbean (ECLAC), who presented today updated its economic forecasts for the region. The growth of Panama 2015 would, therefore, similar to last year (6.2%).
After Panama countries like Bolivia, Nicaragua and Dominican Republic, with a growth of 5%, followed by Paraguay (4.2%), Peru (4.2%) and Guatemala (4%) would stand.
ECLAC revised down its own projections for the entire continent, which will grow at year 1% - 2.2% less than previously projected.
"This revision reflects a global environment characterized by lower than expected in late 2014. With the exception of US economic dynamics, growth projections have been revised downwards in industrialized countries and emerging economies will continue to slow" The UN agency said in a statement. If new ECLAC estimates are met, the regional economy will maintain a level similar to last year (1.1%) growth.