Good news for Poland
After a sluggish performance over the past couple of years, the construction industry in Poland is recovering strongly, finds a new report by Timetric’s Construction Intelligence Center (CIC).
In real terms, the Polish construction industry is expected to accelerate at a compound annual growth rate (CAGR) of 4.17 per cent. Consequently, the industry’s value is expected to increase from $109.7 billion in 2015 to $134.6 billion in 2020, measured at a constant 2010 US dollar exchange rate.
Infrastructure development is forecast to be a crucial driver behind the future construction growth in the country, and is expected to remain the largest market in the industry over the next five years, while the energy and utilities market will also continue to expand up until 2020.