Market Report, "South Korea Infrastructure Report Q4 2013", Published
As expected, the South Korean construction sector is on track for a mild recovery in 2013, with Q113 data showing positive growth for the first time since Q112. We have however, revised down our expectations for the recovery and our medium-term outlook for the construction sector. Construction real growth is forecast to reach 2.0% in 2013 (previously 2.7%) and to average 1.1% per annum between 2014 and 2017 (previously 1.4%). This is primarily due to a worsening outlook for the...
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