Friday, 10 May 2013

Argentina Shipping Report Q3 2013

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Argentina Shipping Report Q3 2013
May 8th 2013, 00:00

BMI maintains its cautiously optimistic view on the Argentine port sector. The country enjoys a goodcommodities mix, but it continues to struggle with external headwinds as well as internal difficulties in theform of rising inflation and labour unrest. We forecast Argentine real GDP growth will slow to 0.9% in2013 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.Headline Industry Data? Total volume at the Port of Buenos Aires is set to increase by 5.4% in 2013 t...

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