LaPrensa - Panama will grow 6.7% this year, which will make it the fastest growing economy in Latin America, according to the latest projection of the Economic Commission for Latin America and the Caribbean(ECLAC.
The Ministry of Economy and Finance (MEF) of Panama said the new estimate after learning that "progress ECLAC match those announced by the MEF, which place the performance of the local economy with a positive change this year will range between 6 % and 7% ", a result that would be below 8.4% in 2013.
Behind Panama is Bolivia with (5.5%), Colombia, Ecuador, Nicaragua and Dominican Republic (all with 5% growth)
Across the continent, Venezuela only experience negative (-0.5%) growth.
The growth forecast for all l Latin America and the Caribbean was reduced from the 2.7% to 2.2% forecast last April.
According to the Economic Survey of Latin America and the Caribbean 2014, since 2011 the economic growth of the region has been slowing, a trend that continues this year.
"In particular, during the first months has seen a sluggish due to a stagnation of gross fixed capital formation and slowing growth in private consumption. Counterpart has accelerated government consumption and net contribution exports has been more favorable than in the same period last year. growth for the exercise of economic activity in the region of 2.2% is expected, "said ECLAC in its report.
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