New Market Report: Russia Infrastructure Report Q1 2016
International sanctions that are weakening the economy, coupled with low oil prices, underline our bearish outlook on the Russian construction sector. We currently forecast Russia's construction industry to contract 2.3% in real terms in 2016 - a mild improvement compared to the deep contraction of 2015 - as a result of low base effects and the adjustment of the economy to the new oil price environment.
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