Building And Construction In Asia Pacific > Philippines > Philippines
Total construction work done rebounded less than expected over H1 2021 (+3.4% y/y). The resurgence of Covid-19 cases and the consequent re-imposition of lockdowns has stifled construction activity. Growth is expected to progress further over H2 2021, however, the re-imposition of tight restrictions in Q3 is expected to limit the 2021 recovery. Consequently, total construction work done is forecast to grow 12.5% in 2021 (down from a previous +14.2%).
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