VIDEO: Global construction outlook

By Chris Sleight04 October 2012

iC editor Chris Sleight at speaking at CEWEF 2012.

iC editor Chris Sleight at speaking at CEWEF 2012.

Delegates at this year's CEWEF heard that global construction output will grow about +3.5% this year.

Developing Asia will once again be a key driver, and growth in North America will be strong, although the market there remains depressed due to a long downturn in construction.

The presentation was given by iC editor Chris Sleight, who reviewed the world's recent economic past, and used a variety of sources and other evidence to paint a comprehensive picture of the state of the construction industry worldwide.

Mr Sleight said global construction markets had hit a speed bump this year, as the slowdown in China and sovereign debt crisis in parts of Europe hit economic activity worldwide.

However, the outlook for 2013 and beyond is for a mild acceleration in the recovery.

Emerging markets will continue to offer the highest growth prospects, and there is a general focus in these countries on infrastructure and energy, often supported by the multi-lateral development bank community.

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