The Economic Commission for Latin America and the Caribbean (ECLAC) yesterday presented its growth forecast for the region of 1.1% in 2017, boosted by the moderate recovery of the world economy, a slight rebound in trade and a higher price level Of commodities.
The Economic Survey of Latin America and the Caribbean of ECLAC, presented by Alicia Bárcena, executive secretary of the organization, details that although the overall growth rate is positive, it is still low.
In the particular case of Panama, growth of 5.6% is expected, four tenths above the last projection presented by the agency.
In other words, the report places the Isthmus as the country with the highest growth in the ranking, followed by the Dominican Republic (5.3) and Antigua and Barbuda (5.0).
Rolando Gordón, an economist, says that ECLAC's estimates are positive for Panama, "but the problem is the bad distribution of growth, because nationals complain about lack of water and other basic services."
"What is growing is the sector linked to international trade, such as the Free Zone showing a slight improvement, the Canal, airports and construction," he said.
He stressed that sectors such as agriculture, industry, livestock and fisheries, should generate a large number of jobs, but are stagnant.
According to the economist, the growth rate of Panama is due to the business that moves around the Canal.
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