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Panama economy expands 4.8 pct in third quarter of 2016 yr/yr
December 16, 2016 / 11:25 PM / in a year

Panama economy expands 4.8 pct in third quarter of 2016 yr/yr

PANAMA CITY, Dec 16 (Reuters) - Panama’s economy grew 4.8 percent during the third quarter, compared to the year-earlier period, the government said on Friday.

Growth was driven by financial intermediation, construction, and utilities, though operations slowed in the Panama Canal and the country’s ports.

In October, the government changed its forecast for the year to 5.6 percent from 6 percent, due to weak global trade.

Reporting by Elida Moreno

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