"Venezuela Shipping Report Q1 2015" Published
BMI maintains its cautious outlook for Venezuela's shipping sector. Economic growth in Venezuela will remain extremely low, and may drop into negative territory in the coming quarters given the poor business environment, high inflation, and on-going market distortions associated with price controls and the country's complex system for acquiring foreign currency. We are forecasting GDP growth of 1.2% in 2015, but we believe that risks continue to be weighted to the downside.
View full press release