BMI maintains its broadly positive view on Peru’s freight transport sector. We forecast real GDP growth to come in at 5.4% in 2013, a slight upgrade from our previous forecast of 5.2% due to our expectation that economic activity will remain relatively robust in the next few months. BMI sees favourable base effects effecting Peruvian exports in 2013, including the cyclical upswing in Chinese growth, some upside for metals prices in H113, as well as modestly stronger hydrocarbons production will boost exports this year. As such, we forecast export growth of 2.0% in 2013, up from -1.4% in 2012. Meanwhile, …
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