Panama: Staff Report for the 2014 Article IV Consultation
IMF Staff Country Reports, June 9, 2014
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- Panama: Staff Report for the 2014 Article IV Consultation
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Bibliographic details
- Published: June 9, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498397209.002
Economic performance — recent history and key outcomes
- Real GDP growth averaged about 8.5 percent over the past decade, the highest in Latin America.
- Growth exceeded 10 percent in 2011–2012.
- Growth slowed to 8.4 percent in 2013, reflecting mainly a decline in Colon Free Zone activity and in Canal traffic.
- Economic expansion was supported by an ambitious public investment program.
- The expansion was accompanied by strong reduction in unemployment, poverty, and income inequality.
Outlook and projections
- Growth is expected to remain strong over the medium term.
- The baseline outlook is described as favorable, with moderate risks.
Inflation and price developments
- Inflation is moderating, owing to the deceleration of international food and oil prices.
Subject areas and keywords (as listed)
- Banking, Commercial banks, Credit, External debt, Financial institutions, Inflation, Money, Prices, Public debt
- baseline outlook, Caribbean, Central America, Commercial banks, CR, Credit, deficit, deficit ceiling, EMBI spread, FDI inflow, Global, Inflation, ISCR, Panama, Policy discussion, ratio result, South America, Superintendencia de Bancos de Panamá
Publication metadata (selected)
- Pages: 68
- Volume: 2014
- Issue: 157
- Series: Country Report No. 2014/157
- DOI: https://doi.org/10.5089/9781498397209.002
- Stock No: 1PANEA2014003
- ISBN: 9781498397209
- ISSN: 1934-7685
- Publication date on page: June 9, 2014
Panama: Staff Report for the 2014 Article IV Consultation, June 9, 2014.