PANAMA ECONOMY TO GROW 6% PER YEAR IN 2017-2020 - MOODY’S

Panama will record strong economic performance between 2017 and 2020, with annual growth rates of 6%, Moody’s Investor Service have forecast. The rating agency considers that the launch of the expanded Panama Canal and the development of logistic infrastructure related to the waterway, will contribute the most to the country’s expected economic growth.
 
In this regard Moody’s also underlined the importance of the growing private sector residential and commercial construction activity. The agency decided to maintain Panama’s risk rating at Baa2 with a stable outlook, but it warns about the deterioration of country’s fiscal metrics in recent years and recommended “greater focus on fiscal discipline”.

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