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Panama, here represented by capital Panama City, will likely see the highest economic growth in Latin America in the 2010-14 period. (Photo: DSaso)
Mexico will outperform Brazil the next five years, while Panama will lead Latin America in GDP growth, the IMF forecasts.
BY CHRONICLE STAFF
Panama
will have Latin America's highest GDP growth in the five-year period starting next year, while
Venezuela
will have the lowest, according to a Latin Business Chronicle analysis of new forecasts from the International Monetary Fund.
Other growth stars include
Peru
, the
Dominican Republic
and
Chile
. On the opposite end, top losers include
Ecuador
,
Honduras
and
Argentina
, our analysis shows.
All in all,
Latin America
is expected to grow by an average of ...
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From: Oscar Benitez de la Campa, Guatemala
While the global financial crisis was developing and going rampant, foreign capital equity looked for safe harbors to protect their wealth. Panama offered a steady construction growth, flexible banking and relative social estability. They have improved in financial services.
HP: Strong Latin Growth