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Credit Suisse: resumption of construction market is possible in Italy

Posted: 7 March 2017

With heightened attention on the potential downsides from political risk this year, the upside for euro area growth in 2017 still seems widely underappreciated.

Credit Suisse says it in a recent report, according to wich the most potential for acceleration lies in France and Italy.

Having been a persistent post-crisis drag on growth, construction investment has started to grow once more.

Accelerating lending and house price growth suggest a meaningful recovery could be underway.