Taiwan Infrastructure Report Q1 2014 - New Study Released
BMI View: The lack of growth in Q313 indicates that recovery in Taiwan's construction activity is proceeding slower than previously expected, prompting us to revise down our full-year growth projections for 2013 from 2.0% to 1.1%. Looking at 2014, we are concerned that the structural deficiencies within the Chinese economy and the municipal elections in Taiwan could hamper construction activity. Given this unfavourable investment climate, we have revised down Taiwan's construction growth forecasts for 2014, with real growth for the...
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