New Market Study, "Argentina Infrastructure Report Q2 2014", Has Been Published
We have upwardly revised our forecast for Argentina's construction industry this quarter in light of recent official data. Having experienced strong growth in Q313, we now estimate low but positive industry growth at 1.0% in 2013, recovering from the sharp contraction in 2012. We anticipate this recovery trend to follow through 2014 when we forecast 1.5% y-o-y real growth. There are, however, downside risks to our forecast as the country continues to struggle with fundamental policy and regulatory constraints which...
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