Latin America

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.

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

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