Thursday, 8 August 2013

South Korea Infrastructure Report Q4 2013: Business Monitor International Market Research Reports

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South Korea Infrastructure Report Q4 2013
Aug 7th 2013, 00:00

Price: $ 1295  

BMI View: As expected, the South Korean construction sector is on track for a mild recovery in 2013, with Q113 data showing positive growth for the first time since Q112. We have however, revised down our expectations for the recovery and our medium-term outlook for the construction sector. Construction real growth is forecast to reach 2.0% in 2013 (previously 2.7%) and to average 1.1% per annum between 2014 and 2017 (previously 1.4%). This is primarily due to a worsening outlook for the South Korean infrastructure sector. The South Korean government has decided to significantly reduce infrastructure spending over the next four years and there are growing signs of delays among non-nuclear power plant projects due to public opposition. Key growth drivers over the previous quarter that impact ...

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