Despite fiscal slippage Panama is on a firm footingOBGplus
Panama is a small and open economy in which investment is normally well in excess of savings. In 2014 the current account deficit amounted to some $5.3bn, or 12% of GDP, according to the IMF. Preliminary data indicates that the deficit of the non-financial public sector rose from just over $1bn in December 2013 to $1.9bn (or around 4% of GDP) in December 2014. The main reason for the deterioration…