Market Report, "France Infrastructure Report Q3 2013", Published
Following negative growth in the construction industry in 2012, we forecast the recession to continue in 2013 and anticipate construction industry value to contract by 1.9% in real terms over 2013. The industry has been contracting consecutively for the past five years, from 2008 to 2012, when it experienced negative growth of -0.4%. At this point, we see little scope for a recovery as France's macroeconomic outlook remains bleak. Our Country Risk team is forecasting a contraction of -0.3% in...
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