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After the major shake-up of the global construction industry caused by the 2008 financial crisis, a return to economic normalcy has become visible, albeit at varying degrees across regions and countries.

Developed markets are set for a more positive near-term outlook than in previous years, as the fallout from the global financial crisis recedes, household incomes recover, and public finances improve. It seems that in countries like France, Italy the Nether lands and Spain the construction recession has started to bottom out, while the US and Germany already record persistent growth.

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