Recovery outlook turns cautious on laggard construction activity

(Business World, 9 March 2021)---THE RECOVERY this year will likely be slower than expected due to a delayed pickup in construction activity, according to a joint report issued by First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P).

“We have turned more cautiously optimistic about a quick economic recovery in 2021 as institutional/structural factors would likely slow down the rebound, even though the industry will shine,” FMIC and UA&P Capital Markets Research said in its Market Call report released Tuesday. Read more...