Poland's construction output below 2011 level until 2016 – PMR
January 17, 2013
Poland's construction sector will suffer recession in 2012-2013 and even a strong rebound in 2016 will not allow the sector to match strong 2011 output level, researcher PMR said in a report on CEE construction sectors.
"Despite a significant rebound of the sector in Poland, construction output in 2016 will in the best case scenario approach the 2011 level, but will not exceed it," PMR said.
"Even in Poland, recovery and growth in the construction sector should start in 2014, driven by such factors as increased public investments, triggered by new EU fund inflows," the report reads.
The declines in Poland seem to be driven in a large part by high 2011 statistical base, as PMR researchers say that Poland and Romania will be the only two countries of the region to record 2016 construction output exceeding pre-crisis, 2008-2009 levels.
A decline in construction output will drive construction sector employment down.
"A sharp cumulated decline, reaching 7.5%, is expected in Poland, due to a recession in the sector," the report reads.