Yemen Infrastructure Report Q4 2013 - New Market Study Published
While some revisions to historical data by the Yemeni statistical authorities have led us to make modest adjustments to our forecasts, our subdued growth outlook for the country's construction sector remains in place. Over the medium term, we expect persistent political uncertainty, weak government infrastructure spending and an unattractive investment climate to weigh on headline construction growth. We are forecasting the sector to expand by 0.9% and 1.2% in real terms in 2013 and 2014 respectively.
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