PANAMA CITY, (Reuters). “The Panama consumer prices were unchanged in September from the previous month, said today, Wednesday, the government.
Thus, Panama’s annual inflation stood at 4.2% through September.
Typically, Panama enjoys low inflation and its economy has been one of the best performers in the region in recent years, despite the global recession.
Panama’s economic activity rose by 6.24% annual rate in July, the government said late last month.
The growth is being driven by the telecommunications sector, tourism and the multibillion-dollar expansion of the Panama Canal.
Officials and analysts estimate that the country’s economy would grow 7% this year.