Germany Infrastructure Industry Research Report 2015
We maintain our gloomy outlook for Germany's construction sector, given neither the government in the form of infrastructure investment nor the private sector in real estate is investing enough to maintain growth at levels seen 2014. We expect growth to reach 2% in 2015, with the eurozone and Ukraine crisis being the major downside risks. The residential sector, rail infrastructure and renewables projects remain the market's bright spots. Low levels of domestic investment remains are largest concern for the German...
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