Construction industry unlikely to see growth for two more years

The Czech construction industry is unlikely to see growth until 2012, according to estimates by Euroconstruct, an umbrella group for agencies conducting research in the construction field. In a new report, it predicts a fall of 0.3 percent in construction output in the Czech Republic this year, followed by stagnation in 2011. Output should grow by 3.1 percent in two years’ time, as most of Europe returns to growth.