PANAMA CITY Jan 24 Panamanian economic activity
eased in November to its slowest pace since August, the national
statistics agency said late on Friday.
Economic activity rose 7.95 percent in November compared
with the same month last year, below the 8.26 percent rate
notched in October.
The finance ministry projects Panama's $33 billion economy
expanded 8.5 percent last year.
Though the economy is stepping back from the double-digit
growth Panama has posted in four of the past six years, it is
still one of the fastest-growing in the region.
The growth is spurred by massive infrastructure spending,
including the ongoing expansion of the Panama canal, which began
in 2007, and the $1.8 billion construction of Central America's
first metro rail system.
But since the start of 2014, the Panama Canal Authority has
been embroiled in a public row with the consortium known as
Grupo Unidos Por el Canal over $1.6 billion in added costs the
GUPC says have arisen during work on the project.