Panama economy up 3.41% in first quarter

The Panamanian economy grew 3.41%  in the first quarter of the year when compared to the same period of 2018. according to the Monthly Index of Economic Activity (IMAE) from the office of the Comptroller General

According to the official report, transport, storage, and communications, electricity and water, public administration and financial intermediation were the segments of the economy that recorded a favorable performance from January to March.

The electricity and water supply category, in its production, showed a positive result due to the greater generation of thermal energy and the contribution of the new generation of energy from natural gas.

Activities that showed growth at a slower pace were construction, mining and quarrying, agriculture and livestock, and the provision of amusement and leisure services.