Stronger Canal Activity To Cushion Panama’s Mining-Led Growth Deceleration
Country Risk / Panama / Fri 31 May, 2024
Key View
- Economic activity is set to benefit from improving transport capacity in the Panama Canal because of recovering water levels and increasing grain cargoes in the second half of 2024.
- However, the impact on GDP growth will be lagging, and weighed down by the closure of the Cobre Panamá copper mine late last year.
- Limited fiscal space and a