The Panama Canal was once christened “one of the world’s greatest labour mobilisations.” Almost a hundred years after its inauguration, that monumental public work is still boosting the country’s economy.
The narrow nation will grow three times Latin America’s average of 3.1 per cent this year. According to the latest report by the United Nations Economic Commission for Latin America and the Caribbean, or ECLAC, Panama’s economy is expected to expand by 10.5 per cent in 2012. Last year, the country grew 10.8 per cent. Continue reading »