Price: $ 1295
BMI View: With Turkey's healthy construction pipeline, complete with numerous high-profile projects within both its infrastructure and residential/non-residential sectors, we continue to see long-term strong construction industry growth. However, the short-term outlook has been dented by social unrest and macroeconomic conditions, which have caused BMI's Country Risk team to downgrade Turkey's economic growth forecast for 2013. Still, .6% average year-on-year real growth in Turkish economy over our forecast period far outstrips any developed market in the region, making Turkey an attractive investment destination. There are downside risks to Turkey's healthy construction sector outlook, which come in the form of the European debt crisis, structural flaws in the domestic pension and banking s ...
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