Weaknesses in France s labour market - in terms of unemployment and lack of competitiveness - support our modest outlook over the country s construction industry. This quarter, our Country Risk team further revised down France s GDP growth forecasts for ---- and ---- to -.- and -.- , respectively. ...This quarter, our Country Risk team further revised down France s GDP growth forecasts for ---- and ---- to -.- and -.- , respectively. Prior to the revision they forecast -.- growth in ---- and ----.This is on the back of the Brexit referendum results and the likely exit of the UK from the EU as France is among the most exposed countries to the UK leaving the single market via the foreign direct investment and trade channels. This has the potential for us to revise our construction industry growth forecast to the downside, based on whether projects are impacted. ...We have increased our growth outlook for the sector on the back of our Power team s increasingly optimistic view on opportunities in the solar and wind power sectors. Improved regulatory clarity, strong government support and ambitious targets for non-hydropower renewable is seeing increased industry uptake prompting us to revise upwards our energy and utilities growth forecast.
...Large number of domestic infrastructure firms including VINCI, Eiffage, LafargeHolcim and Bouygues, which have a global presence. France intends to enhance its position as the world leader in atomic energy, with the construction of a new generation of pressurised water nuclear plants. ...Large number of domestic infrastructure firms including VINCI, Eiffage, LafargeHolcim and Bouygues, which have a global presence. France intends to enhance its position as the world leader in atomic energy, with the construction of a new generation of pressurised water nuclear plants. Strong historic position in nuclear and train sectors, with large companies and large know-hows. ...Strong historic position in nuclear and train sectors, with large companies and large know-hows. The low-risk business environment in France is a strong counterbalance to the volatile emerging markets, offering a chance for infrastructure companies to hedge risks on their portfolio.
...The big three players in France dominate the market and there is limited foreign participation in major concessions, especially in the transport sector. The French construction industry is known for its tight building regulations, which have acted as a barrier to market entry. ...
