+Susen Rogen

Thursday 10 October 2013

Chile Shipping Report Q4 2013:Automotive & Transportation Market Research Reports

Automotive & Transportation Market Research Reports
 
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Chile Shipping Report Q4 2013
Oct 9th 2013, 00:00, by swapnil

We continue to expect that 2013 will see a shift in the Chilean economy, and we forecast real GDP growth to fall from 5.6% in 2012 to just 4.3% this year and average 4.2% from 2014-2017, below consensus estimates. This slowdown in growth is attributable to decelerating economic activity in China, which over the next several years will result in weakening real demand for Chilean copper exports and reduced investment into the country’s mining sector. This slowdown in demand will have a negative effect on Chile’s port and shipping volumes. Our Asia Country Risk team believes that the likelihood of …

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