Price: $ 1295 
BMI View: Last year was disappointing for Uganda's construction market, which was badly affected by high interest rates, causing Uganda's construction market to expand by just 2.8% in real terms in 2012. However, in the last year interest rates have been progressively eased,, which together with the impetus generated by the impending construction of the 600-megawatt Karuma power project and other public sector initiatives that are likely to come gradually on-stream, should then ensure a return to robust sector growth from 2013, particularly given the impending start of oil production. The key developments in the sector over the last quarter were: ? There are upside risks to our core forecast scenario, with economic growth recovering to a forecasted 6.2% for 2013, according to our Country Ris ...
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