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Construction sector on shaky ground in 2022 despite optimism

by 198 Philippines News
February 16, 2022
in BUSINESS NEWS FROM AROUND THE WORLD
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Feb 14, 2022 12:04 4 min learn

After spending a pandemic-ridden 2020 within the purple and threatening a restoration in 2021, Brazil’s building sector goes into this yr with warning — however reasonable optimism. On the one hand, the expansion of personal funding in infrastructure, actual property’s popularity as a secure asset, and the anticipated election-year bump in public spending ought to enable the sector to put stable foundations for 2022.

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Nevertheless, on the similar time, the electoral interval all the time brings uncertainty, added to the present financial woes in Brazil and the drop in residents’ actual revenue.

In line with projections made in January by suppose tank Fundação Getúlio…

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