VIDEO: Global construction market outlook
By Chris Sleight04 August 2015
Global construction output is expected to grow +3.6% this year – slightly ahead of GDP growth – according to a new video from KHL Group. The figures come from a range of sources which can be found in International Construction magazine and the World Construction yearbook.
The strongest construction markets in the world this year are North America and emerging Asia, which offer both high growth rates and significant size. Europe and developed Asia meanwhile offer large opportunities, but with more subdued growth prospects, while Africa and the Middle East are characterised as high growth, smaller markets.
The least attractive construction markets in the world this year are Latin America, which is dominated by Brazil, and the CIS, where Russia has a huge influence. These relatively small markets offer zero or negative growth.
Click here to watch the video.