Recently Released Market Study: Brazil Metals Report Q1 2014
Metals consumption growth in Brazil will be driven by the automotives, construction and infrastructure sectors as spending on fixed asset investment under Brazil's Growth Acceleration Programme accelerates into 2014. We note, however, that persistent delays are likely to lead to consumption weakness in the short term. More broadly, we foresee metals demand growth on the back of our forecast for 3.2% economic growth on average per annum from 2014 to 2017, with growth accelerating over the period.
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