Recently Released Market Study: Brazil Infrastructure Report Q4 2012
BMI View: We have downgraded our near-term growth outlook for Brazil's construction industry as long-held concerns over procurement play out on investment. High costs and difficulties procuring projects are weighing on real growth rates, and we have revised down our 2012 growth figure from 6.2% to 4.2%. Going forward, we expect growth to peak in 2013 and 2014 as investment is pushed through ahead of the World Cup and presidential election.
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