New Market Research Report: Russia Infrastructure Report Q3 2014
We are maintaining our bearish construction industry view for Russia in 2014, forecasting -0.5% real growth for the year. We estimate that the industry entered a period of contraction in 2013 at -1% and we only expect the industry to emerge from this downturn in 2015. The large investments made surrounding sporting events have so far failed to stimulate growth in the sector. In addition, private investment has continued to weaken as a result of endemic corruption, inefficient bureaucracy, and...
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