Energetic growth

摘要

Construction markets in South America, as a whole, have decelerated in 2007 and are likely to slow further in 2008 and 2009. However, real average construction growth rates on the continent will be well above average over the next five years. Of the other markets in the world, only Asia will see better growth. In fact, the slowing of the historic highs in 2006 reflects the secondary effects of a weaker US economy, rather than any fundamental economic problems in South America itself. A key consideration with this continent is commodity prices. Some moderation is likely here, but be it in oil or metals, prices are expected to remain high for the foreseeable future.