While roads represent 20% of Peru’s infrastructure shortage in terms of quantity, their quality is being questioned as well. Peru was ranked 110th in the quality of its road infrastructure by the World Economic Forum’s “Global Competitiveness Report 2016-17”, down from 102nd in 2014-15. Locally, the Association for the Promotion of National...
After a challenging year in 2015, real estate investments stayed quiet during 2016. While some dynamism was shown in the industrial and retail segments, housing and office did not show the signs of recovery that were expected. Many predict a pickup to happen by the end of 2017 and throughout 2018, as housing and office are closing a cycle...
After contracting the previous year, the construction sector is looking to grow again in 2017. Still feeling the impact of the recent downturn, the sector is only expected to register growth in the fourth quarter, following the negative effects of the coastal El Niño floods in early 2017. While causing significant damage, the floods made it necessary for the newly elected government of...
Over the last two decades Peru has been one of the fastest-growing economies in the region. Remarkably resilient to global headwinds, positive GDP growth has continued despite the end of the commodities boom. Yet the growth rate has slowed and the initial impetus of a first wave of structural reforms has faded. The question now is whether the current administration can address problems, implement further reforms and re-accelerate the economy.
Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.
Increased investment in low-cost housing, improved access to home loans and streamlined procedures for building applications should feed into a stronger performance from Trinidad and Tobago’s construction sector in the near term. However, delays in payments for work completed, plus lengthy bureaucratic procedures, continue to pose challenges to expediting construction works.
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