New Market Study Published: Argentina Shipping Report Q3 2014
BMI maintains its cautiously optimistic view on the Argentine port sector. The country enjoys a good commodities mix, but it continues to struggle with external headwinds, as well as internal difficulties in the form of rising inflation and labour unrest. We continue to expect that Argentine real GDP will grow 2.9% in 2014, a considerable slowdown from estimated 2013's 4.9% growth. The January 23 currency devaluation and subsequent collapse in consumer sentiment underpin our view that real growth will slow...
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