Infrastructure Sector Heading For Recovery
We currently forecast 1.3% real growth in Bulgaria's construction industry for 2014, representing a return to positive growth after five consecutive years of contraction. The industry's recession, which started in 2009 and saw the sector register a contraction of 17.9% in 2010, continued throughout 2013, with newly released official data reporting -1% real growth for the year. However, we believe that the worst is now over and expect that the transport infrastructure sector will perform well over 2014, mostly driven by road projects.
Transport Infrastructure Leading The Recovery
|Turning The Corner|
|Construction Industry Value LHS And Real Growth RHS (2009-2019)|