With the European economy having turned a corner, construction output is up across the board -and the continent. But trends are set to vary wildly, with tight budgetary constraints tempering Western activity and Eastern European countries making a concerted drive to bridge the gap. The long-awaited upturn in the European economy finally arrived in 2004, according to thE December 2004 report from EUroconstrUct. The member institutes of Euroconstruct estimate that growth in GDP ran at 2.2°/o across the 19 Euroconstruct countries - 15 in Western Europe and four in Eastern Europe - after just 0.9 in 2003. However, only a slight acceleration in GDP growth is predicted for the immediate future, with growth of 2.3 forecast for 2005 increasing to 2.5 in 2007.
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