Will Political Turmoil Affect Economic Performance?

PANAMA - Forecast 26 Jun 2015 by Marco Fernandez and Guillermo Chapman
Executive Summary The economy is running at a steady pace: we project a 5.9% GDP growth in 2015 and 6.1% in 2016. The political climate is the most worrisome in the two-and-a-half decades after the demise of the military dictatorship due to corruption scandals during the Martinelli administration brought to surface by the new judicial officials. On the economic side, the slowdown experienced thus far (5.9% in Q1) was bounded to occur as massive public investment and spending linked to the Panama Canal expansion winds down. Unemployment and interest rates will rise slightly. Public consumpti...

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