Panama a 'real estate star'
Panama and Peru are the ‘economic stars’ of Latin America, according to the IMF…
In its latest World Economic Outlook, the IMF revealed that Panama will continue to have Latin America's highest economic growth, while Mexico will have the lowest.
A spokesperson for the Fund said: “All in all, Latin America is expected to increase its GDP this year by 4.4 percent. That's a slight revision upwards from the 4.3 percent GDP we had forecast earlier.
“It's also better than our forecast for global growth (3.7 percent) and economic growth in the United States (0.5 percent), the European Union (1.8 percent) and newly industrialized Asian economies (3.9 percent).
“However, Latin America will lag areas like developing Asia, Africa, the Middle East and the Commonwealth of Independent States when it comes to GDP growth this year.
â€Next year, Latin America's economy should grow by 3.6 percent. That will be higher than the forecasted growth in the United States and the European Union, but will lag all other areas and be slightly less than the expected global average of 3.8 percent.
