Market Report, "Greece Infrastructure Report Q3 2012", published
BMI View: Ongoing economic pressures, investors' caution and government austerity drive will act as the main impediments for recovery in the Greek construction industry. Our core scenario envisages a sixth consecutive year of contraction in the industry in 2012 and little prospects for a recovery until 2015. However, there a handful of infrastructure projects - mainly coming from EU funding - that could offer some upside risks to our outlook.
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