New Market Report: Hungary Infrastructure Report Q2 2013
Despite the dismal performance in 2012, we see little scope for recovery in the Hungarian construction sector during 2013, as weak economic outlook, uncertainty surrounding the financing of planned projects and the over-burdened private household sector will deter investments into the sector. Our core view for the sector envisages the market returning to positive growth territory from 2014. However, we highlight that weaknesses in the residential and non-residential construction sub-sector - which accounted for a hefty 54.8% of the total...
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