New Market Report: Brazil Metals Report Q2 2014
We expect solid metals consumption growth in Brazil through 2018 on the back of the automotive, construction and infrastructure sectors, among others. Despite delays in infrastructure spending under the Growth Acceleration Programme, we see an uptick in construction activity in H214 and 2015, which should drive both production and consumption higher. Furthermore, we forecast gross fixed capital formation (GFCF) to accelerate from 2015 through 2018. Additionally, we forecast support for the metals sector due to our forecast for average annual...
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