Greece Infrastructure Q1 2020
The Greek construction sector is slowly starting to recover from stifling economic lag, as non-residential construction,transport, and oil and gas pipeline infrastructure bring positive sentiment to the overall construction industry. The start of severalprojects, followed by the auctioning of numerous projects and the privatisation of many large-scale state assets are boosting thesector. In addition, the outright majority won by the centre-right New Democracy party in the July 2019 general election will fare wellfor the overall economy and for the construction industry by extension. We forecast real growth of 4.9% y-o-y in the country'sconstruction industry in 2020, with an average annual real growth of 3.4% over 2020-2028.
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