Building And Construction In Asia Pacific > Philippines > Philippines

Philippines: Building and Construction in the Philippines 2020-2024: July 2020 Update

The evolving pandemic and consequent implications will see total construction work done decline 7.2% in 2020. Declines will be felt across all sectors, with more severe declines in non-residential (-22.4%) building, followed by residential (-9.8%) and civil engineering (-3.7%) construction. Improving economic conditions and newly announced stimulus packages are forecast to support the rebound in construction into 2021 (+13.8%). 

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