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Inflation Rate
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
Panama Canal
A man-made waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean, significantly reducing the maritime journey time by avoiding the lengthy southern tip of South America.
Treaties
Formal agreements between countries that define and modify their mutual duties and obligations.
Panama
A country in Central America, located at the junction of North and South America, known for the Panama Canal which connects the Atlantic and Pacific Oceans.
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