Iran Infrastructure Report Q4 2013 - New Report Available
We retain a broadly bearish outlook for the Iranian construction sector in 2013 and forecast a 1.0% contraction in real terms - as a challenging macroeconomic picture, international sanctions and a prohibitive business environment will continue to weigh on the industry's growth prospects over the next months. While an improvement in economic conditions should, over the medium-term, bring some respite for the sector, growth is likely to be modest, averaging 1.4% over 2013-2017. The election of moderate cleric Hassan Rouhani...
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