Brazil Infrastructure Q4 2019
The short-term outlook for Brazil's construction sector remains subdued, and following a weak first quarter, we havedowngraded our 2019 growth forecast to an anaemic 0.5%. The industry is expected to gain traction over the coming quarters andinto 2020, due in large part to a recovering private housing market and strong investor sentiment in the energy infrastructuresector. We also note an uptick in investor interest in the transport sector due to the scale of recent concessions which will createnew opportunities for foreign and domestic contractors.
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