BMI maintains its cautious outlook for the Argentine freight transport sector. The country enjoys a good commodities mix, but it continues to struggle with external headwinds as well as internal difficulties in the form of rising inflation and ongoing labour unrest. We continue to expect that Argentine real GDP growth bottomed in 2013 at an estimated 1.8%. We expect a slight rebound in 2014, with growth set o reach 2.9%. Nevertheless, we caution that the country will continue to struggle with spiralling inflation and net exports’ drag on real GDP growth. On top of its internal economic difficulties, we highlight …
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