Skip to content
Subscriber Only
Opinion
Mac Margolis

Panama's Prosperity Has a Dark Side

A spiffed-up canal won't hide all manner of political sins.
Not everything is on the up-and-up in Panama City.

Not everything is on the up-and-up in Panama City.

Photographer: Rodrigo Arangua/AFP/Getty Images

Last year was one most of Latin America would rather forget. The region trailed the world in economic growth, led on inflation, and posted the highest fiscal deficit after the Middle East and North Africa, according to data compiled by Bloomberg Intelligence

So two cheers for Panama. The fastest-growing economy in the Americas expanded by almost 6 percent in 2015, compared with a nearly 1 percent drop for Latin America as a whole, and it will likely repeat that performance this year, according to the World Bank.