Market Report, "France Infrastructure Report Q4 2013", Published
We continue to forecast that France's construction industry value will contract by 1.9% in real terms over 2013. This is supported by official data that indicated the industry registered negative growth of 2.5% in H113. The industry has been contracting consecutively for the past five years and we expect the recession to continue through to 2013 as we see little scope for a recovery in France's macroeconomic outlook. Our Country Risk team is forecasting a contraction of 0.3% in real...
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