Brazil Shipping Report Q1 2013 - New Market Report Now Available
BMI's outlook for Brazilian ports remains broadly positive. However, it should be noted that there are downside risks to our Brazilian container terminal throughput forecasts in the coming years as what could be a painful economic rebalancing takes place in the Latin American giant. We forecast GDP growth of 3.7% for 2013, following estimated 1.8% growth in 2012, as the Brazilian real's breakthrough multi-year trendline support on the monthly chart in May indicates that the country's structural economic imbalances, namely...
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