We remain optimistic toward Mexico’s long-term growth outlook on the back of a booming manufacturing sector, an increasingly strong private consumer and favourable demographics, which should support freight transport volumes. Nevertheless, as we continue to expect the economy will slow in 2013 on the back of moderating external demand, with the manufacturing sector struggling to gain traction, and potential for a weaker peso to weigh on consumer spending, we have revised down our real GDP growth forecast from 3.6% to 3.0% for 2013. Headline Industry Data ? Rail freight tonnes forecast to grow 4.5% in 2013, to reach 118mn tonnes. …
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