BMI maintains its broadly positive view on Peru’s freight transport sector. Despite our view for real GDP growth to slow over the medium term, significant commodity wealth, attractive investment opportunities at the sector level, and an emerging consumer story underpin our view that Peru will remain one of the most dynamic economies in Latin America in the coming years. We maintain our view that Peru’s mining sector will grow steadily over our forecast period, driven primarily by investment in copper and gold mining projects. We forecast Peru’s mining sector will grow an average of 4.2% a year through to 2017, …
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