Regional Overview - SSA Construction: Mid-Year Forecast Review - AUG 2017
BMI View: I n response to shifting macroeconomic and political dynamics and changes to project pipelines , we have revised six of our construction industry forecasts between 2017 and 2021 . These changes have only marginally impacted the regional outlook, with SSA still expected to be the global construction growth outperformer over the first half of our forecast period.
In this article we outline revisions made in 2017 to the short-to-medium growth outlook for several construction markets in Sub-Saharan Africa (SSA). These include:
SSA construction giants Nigeria and South Africa have seen their growth outlooks weaken for 2017, weighed down by sluggish economic growth and ongoing policy uncertainty.
Higher Oil Prices & Production in 2017 and 2018 Nigeria - Crude Production, Brent Crude Price e/f = BMI estimate/forecast. Source: EIA,BMI
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