BMI View: Our outlook for the Greek construction industry remains bleak as we forecast yet anotheryear of contraction in the industry during 2013, despite three years of continued decline. The downturn isevident in both the housing and infrastructure segments, as private residential construction andgovernment sponsored public projects ground to a halt. In line with our overall view about existingprojects facing significant delays and funding issues, we see little scope for a quick rebound in theconstruction industry during our 10-year forecast period.Greece''s construction industry is estimated to have contracted by almost 14.6% year-on-year (y-o-y)during 2012 in...
No comments:
Post a Comment