New Market Report: Czech Republic Infrastructure Report Q4 2013
Our outlook for the Czech Republic's construction industry has changed for the worse, as we have downgraded our forecasts for construction industry value in 2013 to decline by nearly 4.8% year-onyear (y-o-y) in real value terms (compared with the 2.2% y-o-y contraction expected last quarter). Our core scenario envisages a recovery from 2014, with the market maintaining growth averaging close to 2.7% up to 2022 - part of which will come from favourable base effects and partly from infrastructure-related investments...
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