This 2014 Article IV Consultation highlights that Panamaas economic performance remains buoyant. Real GDP growth averaged about 8.5 percent over the past decade, the highest in Latin America, supported by an ambitious public investment program, and accompanied by strong reduction in unemployment, poverty, and income inequality. After exceeding 10 percent in 2011a2012, growth slowed to 8.4 percent in 2013 reflecting mainly a decline in Colon Free Zone activity and in Canal traffic. Growth is expected to remain strong over the medium term. Inflation is moderating, owing to the deceleration of international food and oil prices. The baseline outlook is favorable, with moderate risks.During 2011-2012, progress was made in compiling financial intermediation services indirectly measured (FISIM) on a ... Government finance statistics: Further efforts are needed to improve the quality of fiscal data. ... The authorities are receiving technical assistance from the IMF Statistics Department (STA) to implement the Government Finance Statistics Manual 2001 (GFSM 2001) and the Fiscal Affairsanbsp;...
|Title||:||Panama: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Panama|
|Author||:||International Monetary Fund. Western Hemisphere Dept.|
|Publisher||:||International Monetary Fund - 2014-06-09|