RIO DE JANEIRO, BRAZIL - Panama's industry has withstood the Covid-19 pandemic but requires legal certainty to grow and leave behind the pyrrhic 5% it represents in the gross domestic product (GDP), the leader of the sector's guild, Luis Frauca, told Efe.
The crisis derived from the ongoing pandemic collapsed Panama's GDP by 17.9% in 2020 due to the closure of almost all activities except essential ones.
According to official data, the economy has been recovering after the staggered re-opening of the various sectors and expanded by10 % in the first half of this year.
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