Chile Freight Transport and Shipping Q4 2018
We have positively revised our Chilean forecasts in the Q418 update to account for healthier headline macroeconomicgrowth in the H118 period. We are of the view that the national freight mix will witness positive fortunes in 2018 and over the fiveyears to 2022 on the back of strong private consumption, positive GDP growth and a healthy commodities industry. Additionally, animproving consumer and investor sentiment coupled with expanding global trade relations will further bolster the freight industryfortunes in the coming years. We further note that China is playing an increasingly important role in the Chilean economy with risingcopper prices and steady demand from China boosting exports, while Chinese investment is gathering pace in transportinfrastructure in the country.
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