Bank of America’s  predicts lower Panama growth

The bank Bank of America Merrill Lynch estimates that Panama’s economic growth over the next year will be 3%, a rate below the 3.5% predicted  for this year and clashes with a Moodys’ report.

The bank has lowered its economic outlook for Panama, both in 2019 and 2020 and describes this year, as “disappointing” in almost all economic metrics.

A recovery of the economy had been  expected after a 3.7% growth in 2018, the lowest since the international financial crisis of 2009.

The bank also refers to a deterioration in the fiscal balance, a situation that, in its opinion, represents a  ratings risk The analysis does not match that made by Moodys which ratified Panama’s rating and stable outlook.