New Market Study, "Ukraine Infrastructure Report Q1 2014", Has Been Published
Our outlook for the Ukrainian construction sector has changed for the worse, as we have substantially downgraded our forecast for the construction industry value from a moderate 1.8% y-o-y real contraction expected earlier to a more painful 14.6% y-o-y real contraction during 2013. Although we expect the sector to return to positive growth territory from 2104, there is little likelihood that the market will be able to return to 2007 levels anytime during the forecast period to 2022. We believe...
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