Panama Heads Region In Economic Growth And One Of World’s Lowest Inflation Rates

• The head of the Ministry of Economy and Finance (MEF), Héctor Alexander, highlighted Saturday, July 1, that in the region, Panama leads economic growth, while maintaining lower inflation.
• "We have low inflation and, above all, what has been done in terms of public finances allows us to continue with investment grade (and pro-business) economic policies, being one of the few countries in the region that have it and one with the lowest level of risk, which benefits not only the government and its transactions but also to the operations that are carried out in Panama”, Alexander highlighted upon arriving for the installation of the National Assembly.
• “The Panamanian economy has been growing very well, 15.8% in 2021 10.8% in 2022, and it is estimated that at the end of the year, growth will be 5%.”, Alexander detailed to the media on the outskirts of the chamber.
• He added that Panama's economic growth continues to lead the region, and along with that, it can be said that the country also leads one of the lowest inflation rates, not only in Latin America but in the world, recording 2.6% in 2021, an estimated 2.1% for 2022 and a forecasted 0.5% for 2023.

(Source: Newsroom Panama)