Private Sector Likely to Cushion Investment Fall

PANAMA - Forecast 11 Oct 2013 by Marco Fernandez and Guillermo Chapman
Executive SummaryThe domestic economy is likely to have less impact on growth from 2013-2015, mainly due to the end of the government’s major investment plan, and the completion of Panama Canal expansion. But execution of major private investments in mining, energy, tourism, logistics and low and middle-class housing will offer a boost, cushioning the public investment fall. We also expect inflation to slow, the trade surplus to increase, and the budget deficit to climb slightly. With GDP rising 7.3% in H1 2013, and 7.6% in Q2, growth is significantly down from its formerly heady 10% levels...

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