Greece Infrastructure Q4 2019
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 7 general election will fare well forthe overall economy and for the construction industry by extension. We forecast real growth of 8.4% y-o-y in the country'sconstruction industry in 2019, with an average annual real growth of 3.9% over 2019-2028.
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