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(English) GDP Outlook: Panama Leads Latin America according to Latin Business Chronicle

BY CHRONICLE STAFF

Panama will have Latin America’s highest economic growth the next five years, according to a Latin Business Chronicle analysis of new forecasts from the International Monetary Fund.

Close behind are the Dominican Republic and Peru.

Meanwhile, Venezuela will see the lowest growth in the five-year period 2011-15.

All in all, Latin America should grow an average of 4.0 percent during that time. That compares with 2.7 percent in the United States, 2.0 percent in the European Union and 3.8 percent in Central and Eastern Europe. However, it does lag the world average of 4.5 percent, which is pushed up by significant growth in Asia, Africa and the Middle East.

PANAMA: LATIN AMERICAN STAR

Panama’s economy will grow an average of 6.6 percent the next five years.

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