Finland Infrastructure Report Q2 2016
BMI View: A healthy transport and utility infrastructure project pipeline will not be enough to generate astrong long-term growth outlook for the industry. Public spending, although committed, will be difficult torealise amid an economic picture greatly impacted by a muted eurozone recovery and Russia's ongoingeconomic malaise. We forecast a slight return to construction industry growth in 2016 of 0.4% and a sectorvalue of EUR11.2bn (USD12.0bn).
Latest Updates And Structural Trends
Construction industry growth will turn positive in 2016 after four years of contraction. Annual averagegrowth over the next decade to 2025 will be a muted 1.5%, ending at a value of EUR14.8bn(USD17.8bn).
The Finnish economy will remain stuck in a zero to low growth environment in 2016. Despite a eurozonerecovery, external demand remains weak, largely due to Russia's economic malaise, while domesticdemand will continue to struggle with the decline of key industries.
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