BMI maintains its cautiously optimistic view on the Argentine freight transport sector. The country enjoys agood commodities mix, but it continues to struggle with external headwinds as well as internal difficultiesin the form of rising inflation and labour unrest. We forecast Argentine real GDP growth will slow to 0.9%in 2013 on the back of a poor business environment, weakening domestic demand, and high inflation - theresult of a large currency devaluation. We see the potential for a more sound policy course and base effectsto result in growth trending upward from 2014-2017.Our freight transport growth forecasts reflect this slow growth outlook, with growth projecte...
No comments:
Post a Comment