Publish in Special Reports - Wednesday, April 18, 2018
Panama is Latin America's GDP growth champion this year and the next five years, according to a Latinvex analysis of new IMF projections. Here capital Panama City. (Photo: ATP)
Brazil, Mexico, Argentina among the growth laggards.
BY LATINVEX STAFF
Despite business-friendly governments in Latin America’s top three economies of Brazil, Mexico and Argentina, they will be among the top laggards in Latin America GDP growth this year, according to a Latinvex analysis of new estimates from the International Monetary Fund (IMF).
Only economic basket case Venezuela will fare worse in terms of GDP growth.
The five-year outlook for Brazil, Mexico and Argentina is better, but the countries will still rank among the six worst countries, according to another Latinvex analysis.
Among Latin America’s top economies, Peru will lead growth both this year and over the next five years. That is welcome news after the country suffered from a major political crisis that led to its president, Pedro Pablo Kuczynski, resigning last month.
But the overall winner is Panama, which will lead GDP growth this year and during the 2018-2022 period.