Developed States Increasingly Relev

Developed States Increasingly Relevant: While we are projecting Asia's construction growth in 2014 to be relatively similar to the historical ten-year average, the drivers of this activity continue to change. Hong Kong, Singapore, South Korea, Taiwan, Australia, Japan, and New Zealand are becoming increasingly relevant to the region's growth performance. These markets are expected to contribute to 27.9% of Asia's overall construction growth in 2014, compared to an average contribution of -0.7% per annum between 2004 and 2013.