External Pressures Will Weigh On Panamanian Growth
- Panama will see moderate economic activity growth in the coming quarters as on-going US-China trade tensions and slowing global growth limit demand for Panamanian exports.
- However, Panama's commitment to infrastructure development and business-friendly economic policies will support the construction industry and drive foreign investment.
- Fitch has revised down its 2019 and 2020 real GDP growth forecasts to 4.3% y-o-y and 4.5%, from 4.8% and 4.7% previously, to reflect the increasing risks to global growth.
(Source: Fitch)