Over the past decade, Panama has been one of the fastest growing economies worldwide. Average annual growth was 7.2 percent between 2001 and 2013, more than double the regional average. The Panamanian economy grew by 6.2 percent in 2014, 5.8 percent in 2015, and for 2016 the forecast is 5.9 percent.
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June 23, 2016 — The $5.5 billion expansion, which used enough steel to build 22 Eiffel Towers, added a new lane and bigger locks that will shake up shipping routes and make seaborne trade less costly and more efficient.
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