Global Infrastructure Q4 2020
The global construction industry will be unable to recover lost ground in 2020 and will thus experience recession. For theremainder of 2020, the risk of second outbreaks in markets which have begun to open up will remain the chief downside risk,while infrastructure stimulus remains very much a 2021 prospect in most markets. We note the difficulty that emerging markets willhave in leveraging financing into infrastructure given strained budgets. For developed markets, we expect construction's ability tocreate jobs to be a prominent area of discourse, with the EU already having created a significant recovery package aimed atboosting areas such as renewable energy.
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