"In 2018, Panama will be the economy that will record the highest rate of expansion"

The Economic Commission for Latin America and the Caribbean (ECLAC) updated its regional economic projections for the year 2018 in April, noting that "Panama will be the economy that will record the highest rate of expansion."

In its report, released on April 11, ECLAC highlighted that considering the Latin American countries, Panama is ahead of the Dominican Republic (5.0%) and Nicaragua (5.0%). He did not go into detail about the prospects projected for each country.

What he did say was that the projections of activity for Latin America and the Caribbean take place in an international context "more favorable than in recent years".

Despite this, he continued, "important uncertainties persist regarding protectionist tendencies, financial dynamics and geopolitical risks".

"As in previous years, during 2018 growth will show heterogeneous dynamics among countries and subregions,"

Economic Commission for Latin America and the Caribbean (ECLAC)
In fact, "in several countries that have been growing at moderate rates, there will be an acceleration in economic activity: Chile (3.3%), Colombia (2.6%) and Peru (3.5%), according to the updated forecasts".

Regional projections
As for the regional average "expansion" for this 2018, ECLAC projected 2.2%, after growing 1.2% last year, the UN agency reported.

In the case of the English- and Dutch-speaking Caribbean, an average growth of 1.4% is projected for 2018, "greater than the 0.1% that they showed in 2017",

Cepal indicated in its report.
Meanwhile, the economies of South America would grow 2.0% (compared to 0.8% in 2017), mainly as a result of the greater dynamism that Brazil will present (2.2%), ECLAC said in a statement.

For the Central American economies, the forecast for a growth rate of 3.6% is also maintained, above the 3.4% recorded in 2017, said ECLAC.

See here, the regional growth forecast, according to ECLAC and other data:

Original article appeared on:  https://elcapitalfinanciero.com/cepal-en-2018-panama-sera-la-economia-que-anotara-la-mayor-tasa-de-expansion/

Posted in Good Times on April 17 at 01:45 PM

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