Market Report, "Thailand Infrastructure Report Q1 2014", Published
BMI View: The short-term outlook for Thailand's construction sector has significantly deteriorated, as the ongoing political crisis in Thailand has heightened our previous concerns towards the sector. These include delays in implementing several initiatives intended to spur infrastructure development, and the limited potential for growth in the residential and non-residential building sector. As such, we have revised down our full-year construction forecasts for 2013 and 2014, with construction real growth reaching 3.7% (previously 5.2%) in 2013 and 3.5% (previously 4.5%)...
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