Analysis by Region - Latin America - Panama
Panama's impressive economic recovery during H2 last year exceeded our expectations and resulted in a 15.3% GDP rebound in 2021. We now expect a 7.5% GDP expansion in 2022 and 4.4% growth in 2023. Ongoing coronavirus pandemic-related risks have receded due to the high vaccination level and a low death rate despite the recent uptick in Covid cases. Risks to the outlook are broadly balanced.
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