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IMF Predicts 5% Growth Rate In Panama

PANAMA - The International Monetary Fund (IMF) predictS that Panama's economy will grow by 5 percent this year and 6.3 percent in 2011 which will lead the region.

It also forecast that the economies of Central American countries would grow by an average of 2.7 percent this year.

That projection is almost a full percentage point above the IMF's projection for the region issued six months ago. At that time, the agency predicted regional growth of 1.8 percent.

The IMF predicts that inflation in Panama is expected to be 3.3 percent in 2010 and a 2.9 percent the following year.

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