Aruanded

Peru’s economic growth is expected to accelerate in 2015 spurred by lower interest rates, two mega mining projects, strong demand and public investment in infrastructure projects.

In 2015, Colombia’s economic performance is expected to slow down somewhat (to 3.8%) due to lower commodity prices, while robust domestic demand should sustain growth.

In 2015, Chile is forecast to see a decrease in inflation and an increase in economic growth.

Argentina’s economy contracted 1.6% in 2014, and this negative trend is expected to continue in 2015, as exchange and price controls are forcing producers to scale back their activities.

Italian GDP is expected to grow after three years of contraction. Domestic demand is forecast to stabilise as investments and household consumption are expected to accelerate.

Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.

In 2015 we expect the construction sector in Germany to perform well and construction insolvencies to decrease by 3%, less than the 5% decrease forecast for business insolvencies in Germany overall.

After a modest growth of 0.5 % in 2014, the construction output in Brazil is expected to grow at more or less the same level in 2015.

A 9 % increase is forecast for the US construction sector in 2015; the vast majority of construction and design firm executives believe the market is stable or growing.

It is expected that construction output growth will continue in the UK in 2015 and also continue to broaden out beyond house building.

While French business insolvencies are forecast to level off in 2015, it is expected that construction business failures will further increase due to the low economic growth forecast for France.

With poor demand, on-going pressure on prices and a high number of insolvencies, the construction sector in Belgium is going through difficult times.

Economic conditions in the Eurozone remain challenging with insolvencies still 70% higher than in 2007 on average.

A sharp Chinese economic slowdown will affect countries through their exports and commodity prices. Especially countries in Asia and Africa are vulnerable.

Thailand ́s open and export-oriented economy is expected to benefit from a modest global recovery this year.

Since 2012, economic growth has been high, driven by private consumption which accounts for about 70% of the economy. Growth has also been sustained by rising demand for exports.