Significant commodity wealth, attractive investment opportunities at the sector level, and a growing consumer story underpin our broadly positive view on Peru’s shipping sector. We believe the country’s economy will remain one of Latin America’s most dynamic over the coming years. 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 over the next few months.
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