Panama

In 1990, the Panamanian economy began to make a partial recovery from the deep crisis into which it had been plunged by recession. This recovery occurred in a context of very low inflation, slightly declining real wages and high unemployment. It gave a strong boost to imports, augmenting the trade deficit despite the equally sharp rise in exports. Higher tax revenues considerably reduced the fiscal deficit, while the return of the economy to normalcy persuaded some savers to return to the banking system.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions