Panama recovery could reach 5% – IMF

The International Monetary Fund (IMF) estimates that Panama’s economic recovery in 2021 could be more pronounced than the 4% it had forecast in January.

Alejandro Santos, head of the IMF mission for Panama,  told La Prensa that the impulse will come from the side of the recovery of national economic activity as a result of a gradual reopening of all sectors, and as the pandemic recedes as a result of greater availability of the Covid-19 vaccine. As health-related concerns disappear, we expect Panama’s economy to continue to grow again at its potential rate of 5% by 2022 and beyond. “

“Once the crisis is over, medium-term revenues can be strengthened by improving the technical capacity of the tax authority,” said the economist