Powerful 7.7-magnitude earthquake strikes Panama and triggers panic in capital

A powerful 7.7-magnitude earthquake struck southern Panama on Friday, causing significant damage and panic in the capital. The quake damaged buildings and roads, sending thousands of people into the streets. The fact that the country appeared to escape widespread destruction or deaths is a significant relief, but the economic impact of this disaster is still to be determined. The extent of damage to infrastructure and businesses will be crucial in assessing the long-term effects on Panama's economy.

Why it matters

A powerful earthquake has struck Panama, causing destruction and panic. The quake's impact on the country's infrastructure and economy is still being assessed, but it could lead to a decline in investor sentiment and asset values.

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