Indonesia Infrastructure Report Q3 2013 - New Market Research Report
We remain optimistic towards the outlook for Indonesia's construction sector in 2013 and have slightly revised up our real growth forecasts for the sector to 7.5% for the year (previously 7.2%). Besides favourable macroeconomic fundamentals, we expect conducive monetary conditions, increased government expenditure, pertinent project progress and a new land acquisition bill to drive construction activity in 2013. Having said that, we see limited scope for construction growth in 2013 and 2014 to outperform its 2012 level. This is because...
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