Panama’s economy grew 10% in the first half of 2021

After last year's 17.9% plunge, international organizations and risk rating agencies projected that Panama's GDP would grow between 8% and 12% in 2021.

RIO DE JANEIRO, BRAZIL - Panama's gross domestic product (GDP) grew by 10% in the first half of this year over the same period in 2020, when the country's economy was semi-paralyzed due to measures to curb the Covid-19 pandemic, which ultimately led the indicator to plummet by 17.9% that year.

The National Institute of Statistics and Census (INEC) on Friday reported that between January and June the GDP "reached an accumulated growth of 10.0%," with a significant expansion of the indicator in the second quarter (40.4%) in contrast to the first quarter result . . .

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