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Wednesday, 13 March 2013

Chile Shipping Report Q2 2013

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Chile Shipping Report Q2 2013
Mar 13th 2013, 00:00

We predict steady growth at Chilean ports in 2013 on the back of an uptick in Chinese economic activity,which has translated into an even more pronounced surge in Chile. We forecast real GDP growth of 4.2% inChile in 2013. We caution, however, that there are some downside risks to this outlook due to a series ofstrikes that took place in the Chilean ports sector in 2012. Recent strike action across a number of Chile''sports ended in October 2012 after the government agreed on a new settlement. The port workers,represented by several unions, went on strike for 12 days in the Port of San Antonio and in areas such asConception (Lirquen, San Vicente and Talcahuano ports),...

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