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Panama Plans Talks With China for Trade Deal: New Economy Update

Laurentino Cortizo, Panama's president, speaks during a gala at the he Bloomberg New Economy Gateway event in Panama City, on May 18.

Laurentino Cortizo, Panama's president, speaks during a gala at the he Bloomberg New Economy Gateway event in Panama City, on May 18.

Photographer: Tarina Rodriguez/Bloomberg
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After being battered by the pandemic like few regions in the world, Latin America finally has some tailwinds at its back.

Soaring commodity prices are bolstering exports for many countries while the push by multinationals to shorten and fortify their supply chains is prompting many of them to consider building new factories in the region. There are plenty of risks still: unemployment remains high, poverty has surged, populations are demanding political change across the region and the Federal Reserve is draining cash from the global economy.