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While firms in industries related to massive consumption and commodities will generally have a favorable performance, those in activities, such as telecoms and oil production will probably underperform. Important downside risks to our projections prevail.

2013 promises to be an interesting year for the performance of Latin America's top companies, as the pick-up of economic activity in the region will support their sales growth, whereas some firms will pursue additional revenue through mergers and acquisitions. Latin Trade's 2013 forecast revenue for the region's largest non-financial companies listed in the stock-exchange shows mixed results. While firms in industries related to massive consumption and commodities will generally have a favorable performance, those in activities, such as telecoms and oil production will probably underperform. Important downside risks to our projections prevail, however, mainly coming from the still volatile situation in some European economies.

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