New Report Available: South Korea Infrastructure Report Q2 2014
The South Korean construction sector continued to recover strongly in Q313, due primarily to a surge in activity in the residential building sector. However, we still believe that growth will decelerate over 2014 - with our construction real growth forecast at just 1.1% for 2014. This is primarily because of our downbeat outlook towards all of South Korea's construction sector drivers - namely, weak macro fundamentals for residential buildings, a poor export outlook for non-residential buildings and declining government spending...
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