GLOBAL CONSTRUCTION SET TO RISE TO $12.9 TRILLION BY 2022

摘要

The global construction industry is expected to grow by an average of 3.6%a year over the forecast period 2018 to 2022, according to GlobalData, a data and analytics company.The company's latest report, Global Construction Outlook to 2022: Q3 2018 Update, reveals that in real value terms, global construction output is forecast to rise to $12.9 trillion by 2022, up from $10.8 trillion in 2017.Danny Richards, Construction Lead Analyst at GlobalData, says, "We forecast that global construction output growth will accelerate to +3.6% in 2018, up from 3.1% in 2017, reflecting the recovery in the U.S., as well as general improvements across emerging markets.In South and South-East Asia, for example, construction in India has regained growth momentum, while the pick-up in oil prices has supported the recovery in the Middle East and Africa."