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Industry - Global Industry Forecasts - Construction

Publisher Oxford Economics
Published Mar 15, 2023
Length 24 Pages
SKU # OFE18634142

Description

Industry - Global Industry Forecasts - Construction



Global construction output is expected to rise 2% in gross value-added terms in 2024, an upward revision of 0.6%, after climbing by 3.7% in 2023. Construction in emerging markets will contribute far less to global growth with India and China forecast to grow far slower this year. The medium-term outlook has fallen relative to last quarter, but US growth will keep advanced economies total growth relatively stable. Performance across the emerging markets will pick up in 2026.

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24 Pages
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