Building And Construction In Asia Pacific > Philippines > Philippines
In work done terms, the outlook for total construction will still be positive into 2020 (+8.2%), albeit lower than the previous forecast of 13.9%. This is largely supported by civil engineering (+14.9%) construction amid an increase in public infrastructure spending . However, falling tourism numbers, declining export growth and external demand as a result of the COVID-19 outbreak will curb non-residential (-15.4%) building activity, which incidentally is coming off last year’s high base. The hotel, retail and office building sectors will take the biggest hit.
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