Positive outlook for infrastructure demand as countries try to boost economies
Impact on engineering, construction companies still uncertain, say analysts
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Singapore
CONSTRUCTION companies have been hit hard by the Covid-19 pandemic, but analysts and market players said demand for infrastructure is expected to remain strong and will drive the recovery of economies and the construction sector.
Singapore's construction sector shrank 54.7 per cent year-on-year in Q2 2020, according to advance estimates released by the Ministry of Trade and Industry on July 14. The contraction was attributed to manpower disruptions and movement restrictions at foreign worker dormitories to curb the spread of Covid-19.
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