New Market Study Published: Turkey Infrastructure Report Q3 2012
BMI View: Despite macro concerns and waning confidence in the Turkish economy - prompting a downward revision to our forecasts in February 2012 - we still expect healthy growth of 5.8% in 2012's construction industry value. Rising government budget deficit, increasing cost of credit and structural flaws in the domestic banking and pension sectors pose significant downward risks; however, we remain optimistic about the industry's growth potential, thanks to a slew of ongoing high-profile projects in the country. The most...
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