Construction growth to slow

摘要

New forecasts from Global Insight say that world construction output will grow by +3.8% this year and +3.6% next year. At the height of the boom in 2005, the market rose +5.9%, but shrinking output in the US and the cooling of other markets has led to lower growth levels in recent years. Global Insight sees the strongest growth next year in developing Asia, where output is expected to grow +12.7% to US$ 1.13 trillion. Eastern Europe will not be far behind at +9.2% growth, but the market is only about 10% the size of Asia's at US$ 144 billion per year.