Japan’s commercial construction sector expected to see sluggish growth in 2021
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Commercial construction was significantly impacted by the COVID-19 pandemic, recording an output value (real) decline of 12.2% in 2020
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The commercial sector is expected to register an annual growth of 1.8% in real terms in 2021, and grow at an annual average growth of 1.8% over the remaining part of the forecast period; this will be supported by the gradual recovery of tourism, wholesale and retail sectors, coupled with investments on data center projects
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According to GlobalData, Japan’s data center construction pipeline totals JPY332.8 ($3.1 billion) as of September 2021
Japan’s commercial construction sector expected to see sluggish growth in 2021
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