BMI maintains its broadly positive outlook of the Chilean freight transport sector for Q213. A cyclicaluptick in Chinese growth that began in Q412 has caused us to revise up both our real GDP forecast for2013, from 4.0% to 4.2%. That said, we continue to believe that lower trend growth in China over the2013-2017 forecast period will keep Chilean export growth off of the brisk pace it recorded in the middle ofthe past decade. We expect much of the slowdown will occur in 2013 and 2014, with increasing globalgrowth will help Chile''s export picture recover from 2015 onward. We see domestic demand trending lowerin 2013 and 2014, too, mostly on easing investment and relati...
No comments:
Post a Comment