Brazil Shipping Report Q4 2013 - New Study Released
BMI's outlook for Brazilian ports remains broadly positive. However, it should be noted that there are downside risks to our Brazil port forecasts in the coming years. With a raft of disappointing data in recent months pointing to a still weak economic recovery, we now anticipate a more modest rebound in growth this year. We have revised down our 2013 real GDP growth forecast to 2.6%, from 3.3% previously, as economic activity data remains weak.
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