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Panama City – Panama's economic activity grew 0.76% in May 2018 compared to the same month of the previous year, its lowest performance since at least January 2013 according to available statistics, published on Tuesday by the Office of the Comptroller General of the Republic
The report showed that growth, as measured by the monthly Index of Economic Activity (IMAE), increased by 3 , 17% from one year to the next, transportation, storage and communications, electricity and water, public administration and trade.
"Transport and communication services have worked well, mainly through the Panama Canal, international air passenger transport and telecommunications," the controller said.
Among the activities that have had a negative impact are the construction and operation of mines and quarries, according to the country's government. Central America
The Panamanian economy has slowed down
The monthly performance of the fifth month has been the worst of the current administration so far at interannual rate, since President Juan Carlos Varela took his functions in July. of 2014.
The Panamanian economy has slowed and growth prospects for gross domestic product (GDP) at the end of 2018 have been adjusted this month to less than 5%, after 5.6% initial, partly by the fall of the construction, which was affected by the labor strikes.
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