The International Monetary Fund (IMF) has projected that Panama's GDP growth is expected to slow to 2.5% in 2024. This forecast comes as a result of the closure of the First Quantum mine, which is anticipated to have a significant impact on the country's economic performance.
The decision to shut down the First Quantum mine is likely to have ripple effects across various sectors of Panama's economy. The closure of the mine is expected to lead to a decrease in production and exports, which will in turn affect the overall GDP growth rate for the country.
