Panama: 2017 Article IV Consultation-Press Release; and Staff Report for Panama
International Monetary Fund. Western Hemisphere Dept.
May 2017 · International Monetary Fund
Ebook
69
Pages
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About this ebook
Economic growth moderated to 4.9 percent in 2016 amid external headwinds, but remains among the strongest in the region. Inflation and unemployment remain subdued, although have edged up. Fiscal consolidation continues in line with the fiscal rule targets and public debt is sustainable. The current account deficit continued to narrow to 5.6 percent of GDP, primarily due to lower investment-related imports and weak fuel prices. Credit growth remains robust, though has begun to decelerate. The Financial Action Task Force (FATF) removed Panama from its gray list in February 2016.
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