New Market Study Published: Taiwan Infrastructure Report Q4 2013
The lack of growth in Q213 supports our view that the recovery in Taiwan's construction activity could be mild. As such, we are maintaining our forecasts for construction real growth at 2.0% for 2013 and 2.9% for 2014. This is primarily due to our expectations of a steep economic slowdown in China, Taiwan's main trading partner, over the near-term. Over the long-term, we expect Taiwan's construction sector to outperform its 10-year historical average, though we remain concerned about the country's...
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