New Market Study, "South Korea Infrastructure Report Q1 2014", Has Been Published
The South Korean construction sector has recovered strongly in Q213, due primarily to a surge in activity in the residential building sector. Despite this better-than-expected performance, we continue to expect construction activity to experience only a mild recovery this year and to stumble beyond 2013. This is primarily because of our downbeat outlook towards all of South Korea's construction sector drivers -namely, weak macro fundamentals for residential buildings, poor export outlook for non-residential buildings, and declining government spending on infrastructure.
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