Recently Released Market Study: Greece Infrastructure Report Q4 2012
BMI View: Our outlook for the Greek construction industry has turned more bearish, and we forecast a 10.6% year-on-year (y-o-y) contraction in real terms in 2012, marking a third consecutive year of decline for the industry. Most infrastructure projects have EU funding and the government is looking to speed up infrastructure growth; however, as a way to buoy the recession-hit economy, we see little prospects for recovery in the sector anytime during our 10-year forecast period to 2021.
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