Argentina Freight Transport Report Q4 2014 - New Market Report
BMI maintains its cautious outlook for the Argentine freight transport sector. A more drastic slowdown than we previously expected in various high frequency indicators have led us to revise down our forecast for Argentine real private consumption and gross fixed capital formation growth in 2014. As a result, our real GDP growth forecast is 0.4% in 2014, a downward revision from our earlier forecast of 1.2%, as the impacts of the January currency devaluation weigh on private consumption and fixed...
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