2014-02-10 02:56:02 - Poland Infrastructure Report Q2 2014 - a new market research report on companiesandmarkets.com
We believe the current weakness in Poland´s construction sector will persist over 2014 as the road building debacle continues to weigh on productivity, capacity and investor sentiment. However, we are anticipating a recovery from 2015 as a new allocation of EU funding, as well as government measures to support the housing sector will provide a shot in the arm for the construction sector. As such, we anticipate annual average growth of 5% between 2015 and 2018.
Poland´s construction sector experienced an estimated 10.1% contraction in 2013, wiping close to US$2.5bn off the total industry value, whilst more than 300 companies in the industry faced bankruptcy - including some of the country´s largest builders. The impact of this is expected to persist
into 2014, with reduced capacity, productivity and weakened investor sentiment indicating sustained weakness in the industry, and guiding our forecast for 0.5% real growth for the year.
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