Panama Economic Growth Accelerated to 10.6% in First Quarter

Panama’s economy expanded 10.6 percent in the first quarter from a year earlier, fueled by government spending on infrastructure and expansion work on the Panama Canal, the Comptroller General said.

Economic growth accelerated from 9.6 percent in the fourth quarter, the agency said today on its website. Finance Minister Frank De Lima had earlier said the economy grew 10.4 percent.