Brazil Freight Transport and Shipping Report Q2 2016
BMI View: We anticipate growth across Brazil's freight modes and major container ports in 2016 that will also last over the medium term. Domestic demand will slowly accelerate, prompted by gradual economic recovery, while increasing exports of manufactured goods are the main driver of modest trade growth. Port of Santos will hold its role as the largest container cargo destination in the country while road and rail dominate the freight modes in terms of tonnage transported. Brazil's economy will continue to contract in 2016 by a forecast 3.4%, but will slowly recover in the next year with an average growth of 1.7% between 2017 and 2020. Unemployment will hover close to 6% with the turbulent domestic and global oil industry leading to important job cuts. Inflation will be at 9.5% in 2016 and will average 5.3% over the medium term contributing to restricted growth in domestic consumption and, consequently, imports.
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