Europe Infrastructure Q1 2021
Construction markets across Europe will see a timely recovery to positive real growth territory during 2021, with industrysentiment across many markets buoyed by the demonstrated ability of construction sites to operate at close to normal capacity inspite of public health measures. The impending disbursement of the European Union’s ‘Next Generation EU’ recovery funding,mirrored similar fiscal stimulus across several non-EU member states, will place investment in green infrastructure at the forefront ofthese efforts and provide substantive upside for our infrastructure forecasts as specific project proposals emerge. Risk factorsincluding the potential for periodic lockdowns across the region, a delay in the approval of any potential Covid-19 vaccines, or socialunrest, would drastically diminish the recovery of European construction through H121 and serve to extinguish improvinginvestment momentum for the sector.
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