European Parliament Library

Panama :, Staff Report for the 2014 Article IV Consultation

This 2014 Article IV Consultation highlights that Panama’s 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 2011–2012, 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
Table Of Contents
Cover; CONTENTS; RECENT DEVELOPMENTS; MACROECONOMIC OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal Policy; B. Bolstering Financial System Resilience; C. Ensuring a Smooth Transition to Medium-term Growth; D. Data Reporting Standards; STAFF APPRAISAL; BOXES; 1. Implementation of Past IMF Policy Advice; 2. Inflation Is Not Just An Imported Phenomenon; 3. Financial Stability Map; 4. External Financial Linkages of the Banking System; 5. Forecasting Panama's EMBI Spread and Interest Rates; 6. External Balance Assessment; 7. Female Labor Force Participation (FLFP); FIGURES
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (69 p.)
Specific Material Designation
Form Of Item

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