Experts predict New Year recovery

Purchasing activity in the services and construction sectors is likely to pick up in March after a turbulent year, according to an industry analyst.

Luke Thompson, senior economist at NTC Research, said the difficult economic period, and the knock-on effect of the US terrorist attacks, could soon be over.

“Services have inched forward and there’s a strong prospect of a turnaround in the first quarter,” he said. “Proposed government investment in construction projects should help to turn it around.”

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