Argentina Infrastructure Report Q4 2013 - New Study Released
Our view for a sharp slowdown in the Argentine construction sector played out over 2012 and the trend continued through Q1 2013 with a reported contraction of 3.2%. Given the underlying weakness in the market, a result of fundamental policy and regulatory constraints, we maintain our bearish near-term outlook for the sector with a contraction of 2.6% forecast in 2013. There is some upside potential from residential construction - given strong base effects in place - and the oil and...
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