Thursday, 7 November 2013

Romania Infrastructure Report Q1 2014

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Romania Infrastructure Report Q1 2014
Nov 6th 2013, 00:00

Price: $ 1295  

BMI View: Romania's economy as a whole is forecast to grow in 2013 by 2.4%, according to our Country Risk team's latest macroeconomic outlook. In 2012, after an official data revision, the construction industry grew by 2.8%, in line with our view that it would outperform the wider economy. However, we forecast that the industry will post more muted growth in 2013, which data for H113 certainly supports. For 2013, we expect real growth of 1.7% for the construction industry. Over the period 2014-2017, we expect that Romania's construction market will expand at annual rate of 3.2%, while the period 2018-2022 will see continued annual growth of around 3.1% in real terms, making for a reasonably auspicious long-term outlook in comparison to the previous years. Risks to our construction sector forecasts ...

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