"Australia Infrastructure Report Q3 2013" Published
We remain convinced that real growth for Australia's construction sector could improve to 3.0% in 2013 following a significant slowdown in 2012. This is because of the conducive monetary conditions for construction, a mild-recovery in homebuilding activity and the potential for greater public fixed investment. However, the upcoming federal elections, structural hurdles in China's economy, limited upside in housing demand, investor caution for commodity and commodity-related projects, and the poor fiscal positions of some state governments will prevent the sector...
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