When the Covid-19 pandemic struck, Panama’s government implemented strict confinement measures to preserve the population’s health. That resulted in the country being the most affected in Central America, with a 17.9% shrinkage of gross domestic product (GDP) in 2020 and a 15.3% rebound the following year, according to World Bank data.
“At the end of 2022, we estimate a growth of at least 9%,” says Héctor Alexander, Panama’s minister of economy and finance.
