Building And Construction In Asia Pacific > Philippines > Philippines
Construction work done value again expanded at over 20% in 2018 due to increased spending on key projects. Although we have revised our short-term forecasts slightly, they remained elevated. Increasing demand for construction will support growth into the outlook period. The “Build, build, build” program will continue to be the key driver for construction activity over the outlook period. It is however not without downside risks in terms of funding and capacity constraints for these mega projects.
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