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Panama Economic Activity September 2022

Panama: Economic activity growth slows in September but remains rapid

Economic activity rose 12.2% in year-on-year terms in September, which was a deterioration from August’s 12.9% increase. Economic activity continued to grow at a healthy pace amid strong Panama Canal revenue, financial sector output, copper exports, and construction sector output thanks to increased private projects.

Meanwhile, annual average economic activity growth fell to 12.0% in September (August: +12.7%), pointing to a worsening trend.

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