The global construction market is set for a sustained period of strong growth post-Covid-19, driven predominantly by government spending on infrastructure and the transition to a net zero society, according to a new report from Allianz Global Corporate & Specialty (AGCS). The strong growth outlook for the sector is based on a number of factors, such as rising populations in emerging markets and significant investment in alternative forms of energy, including wind, solar and hydrogen power, as well as power storage and transmission systems. Buildings are not only expected to improve their carbon footprint, but will also require improved coastal and flood defences and sewage and drainage systems in response to more frequent extreme weather events.
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