Taiwan Infrastructure Report Q1 2013 - New Market Study Published
BMI View: The renewed demand for housing and the increase in trade activity has given us cause to believe that construction activity in Taiwan could see a short-term recovery, despite our expectations of a deep economic slowdown in China, Taiwan's main trading partner, in 2013. We estimate that 2012 saw flat construction growth (compared to a previous forecast of 1.2%) and forecast it to recover modestly to 4.9% in 2013. Over the long term, we are growing increasingly concerned about...
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