Bulgaria Infrastructure Report Q3 2013 - New Market Report
Following a contraction of -3.5% in the construction industry in 2012, we have downgraded our forecast for 2013 to -2.7%. After a major contraction of -17.9% in 2010, the rate of decline in the sector is slowly easing; however, the industry remains in recession, with negative growth recorded in Q1 2013, suggesting a negative outcome for the industry again this year. However, we believe that the worst could now be over. Signs of growth are expected in the transport sector...
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