End of preview - This article contains approximately 126 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 20 July 2021
In brief: Panama’s GDP shows signs of recovery
* Panama’s national statistics institute (Inec) has released new figures which show Panama’s GDP contracted 8.5% in the first quarter of 2021 compared with the same period in 2020 as a result of the impact of the coronavirus (Covid-19) pandemic. This is however an improvement on the contractions of 10.9%; 23.0%; and 38.2% registered in the fourth, third and second quarters of 2020 respectively. The worst performing sector in the first quarter of 2021 was hotels & restaurants which contracted 54.8% year-on-year while mining was the best performing sector, increasing by 71.2%. Whilst Panama’s GDP contracted by 17.9% in 2020, the United Nations Economic Commission for Latin America & the Caribbean (Eclac) is forecasting it will grow by 12.0% in 2021.
- PERU: Castillo declared victor, Fujimori acknowledges defeat
- In brief: Colombia’s trade deficit more than doubles in May
- BRAZIL: Covid-19 epidemic slows, but threat remains
- In brief: Inflation forecasts continue to rise in Brazil
- HAITI: Joseph steps aside for new PM to take over
- In brief: Panama’s GDP shows signs of recovery
- MEXICO: UIF pursuing top electoral judge for corruption
- In brief: Mexico agri-food exports show strong performance
- PARAGUAY: Audit reveals violation of Itaipú Treaty
- In brief: Chilean markets rise in response to primaries’ results