"France Infrastructure Report Q1 2014" Published

Our estimates for a contraction in France's construction sector in 2013 have been reinforced by official data reporting negative growth of 2.7% in the first nine months of the year. The industry has been contracting consecutively since 2008 and we believe that the recession has continued in 2013 as a result of a week macroeconomic recovery. Our Country Risk team estimates 0% GDP growth for 2013 and a slight recovery at 0.5% real growth in 2014. On that basis, we are also more optimistic towards 2014, when we expect the construction industry to return to low but positive growth at 0.5% in real terms supported by the development of transport infrastructure projects.

Full Report Details at
- http://www.fastmr.com/prod/759998_france_infrastructure_report_q1_2014.aspx?afid=301

Report Table of Contents:

The table of contents for this report is available upon request.

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