Panama economic activity growth hits two-year low in March

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Probably the last thing Panama’s officials wanted to hear. Shortly before the opening of the new canal locks, the latest indicators point to a nation on the cusp of economic decline. That said, the enlarged canal has the potential to be a game-changer – the present canal is Panama’s largest source of income and is increasingly unfit for purpose in today’s world of mega-ships. The new canal would give the country precisely the sort of tonic it needs.