The Panamanian economy shows signs of recovery, but still needs effective strategies to consolidate its growth and ensure equitable distribution of economic benefits.

It is estimated that the Panamanian economy will present an annual growth rate of 2.5% in 2024. Despite the growth figures shown after the pandemic, a perception persists that there is a significant opportunity in job creation.

Although the construction sector is unlikely to offer the same support as before the pandemic, its impact on other sectors could provide a relevant boost to the economy, the multiple linkages of construction with various industries can contribute to the economic revitalization of the country.

On the other hand, economist Raúl Moreira warns that it is not prudent to make an excessively large reduction in public investment to reach the fiscal deficit goal of 2% of GDP in 2024, since it could reduce consumption and affect economic growth.

Moreira highlights the importance of maintaining a balance between controlling the fiscal deficit and promoting consumption and investment to sustain the country's economic growth.

In this context, the government of Panama faces the challenge of implementing policies that encourage job creation and investment, without compromising fiscal objectives, since the Panamanian economy shows signs of recovery, but still needs effective strategies to consolidate its growth and ensure equitable distribution of economic benefits.