Latest UK economic data continue to point to slowing activity and an increasingly challenging trading environment. Accordingly, the Bank of England’s November inflation report shows that the bank has become much more pessimistic about UK growth prospects, due to deteriorating
domestic and external factors. Meanwhile, the prospects for a viable solution to the ongoing Eurozone crisis was delivered another blow last week, after German Chancellor Merkel ruled out an introduction of a common Eurozone bond or unlimited use of the European Central
Bank’s balance sheet to stabilise sovereign bond markets. This led to a marked increase in bond yields in core countries such as Belgium, France and Austria.

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The Weekly Infrastructure Update is produced by Davis Langdon's Professional Development team and the Infrastructure and Industry sector team. Forecasts, GCC and Property updates are available from http://www.davislangdon.com/EME/Research/.