Thursday, 14 November 2013

Turkey Infrastructure Report Q1 2014

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Turkey Infrastructure Report Q1 2014
Nov 13th 2013, 00:00

Price: $ 1295  

BMI View: Turkey's healthy construction pipeline, complete with numerous high-profile projects within both its infrastructure and residential/non-residential sectors, has seen projects both added and delayed over the last quarter. While we continue to see long-term strong construction industry growth, the delays, in addition to a glum economic outlook, have caused us to downgrade our forecasts for 2014. The short-term outlook has been dented by headwinds in the economy, which have caused BMI's Country Risk team to downgrade Turkey's economic growth forecast for 2013. Still, 5% average year-on-year real growth in the construction market over our forecast period far outstrips any developed market in the region, making Turkey an attractive investment destination. There are downside risks to Tur ...

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