Pressure On Panama's President Will Increase After Covid-19 Crisis Subsides

• Panamanian President Laurentino ‘Nito’ Cortizo’s comprehensive response to Covid-19 will boost his legislative and public support in the coming months.
• However, sustained downward pressure on economic activity could present risks to social stability and policy formation in the medium-to-long term, particularly as unemployment heads higher and Covid-19 exposes economic and social disparities.
• Fitch Solutions have revised Panama’s score in their Short-Term Political Risk Index (STPRI) to 66.4 out of 100, from 67.6 previously, to reflect higher unemployment and greater public pressure for the government to improve social services.

 (Source: Fitch)