Following the years of recession after the 2008 financial crisis, the Czech construction sectorwas and still is a symbol of the country's economic resurgence. Despite negative growth rates in 2016, webelieve the sector will show strong growth rates over the coming years. TThe main growth drivers areexpected to be the buildings and transport infrastructure sectors. The latter through the rail and roads subsectors,are still enjoying EU-driven investment, set to remain strong to 2020. The residential and nonresidentialbuilding industry will be another bright spot over the forecast period as robust Czech economyand high household disposable income increase housing demand.
Forecast & Industry Developments
Q117, we revised up our 2019 and 2020 construction industry growth outlook to reflect an expecteduptick in EU fund absorption towards the tail-end of the 2014-2020 funding period. However, we slightlydowngraded our outlook for 2017 and 2018 due to the issue of slow absorption of the funds over the nexttwo years.
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