
Analysis by Region - Latin America - Panama
Description
Analysis by Region - Latin America - Panama
Panama's impressive economic recovery during H2 last year exceeded our expectations and resulted in a 15.3% GDP rebound in 2021. We now expect a 7.5% GDP expansion in 2022 and 4.4% growth in 2023. Ongoing coronavirus pandemic-related risks have receded due to the high vaccination level and a low death rate despite the recent uptick in Covid cases. Risks to the outlook are broadly balanced.
Panama's impressive economic recovery during H2 last year exceeded our expectations and resulted in a 15.3% GDP rebound in 2021. We now expect a 7.5% GDP expansion in 2022 and 4.4% growth in 2023. Ongoing coronavirus pandemic-related risks have receded due to the high vaccination level and a low death rate despite the recent uptick in Covid cases. Risks to the outlook are broadly balanced.
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