BMI maintains its cautiously optimistic view on the Argentine port 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 labour unrest. We continue to expect that Argentine real GDP will grow 2.9% in 2014, having bottomed in 2013, at 1.8% growth. The 2014 acceleration is expected on the back of a rebound in private consumption and less of a drag from net exports. Headline Industry Data ? Total tonnage volume at the Port of Buenos Aires is set to increase by …
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