Turkey Infrastructure Report Q2 2014 - New Market Study Published
We forecast 5.3% real growth in the construction sector over 2014 and growth should remain buoyant over the short-term thanks to projects already under construction fuelling industry value. However, we highlight the downside risks this quarter with allegations of corruption within the construction industry adding to the financing headwinds the industry is facing in light of a major depreciation in the lira. As such investor confidence in the Turkish construction sector will deteriorate posing a threat to our longer-term forecasts,...
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