CIC - Construction Intelligence Center

Global Construction Outlook 2021 - White Paper

  • Published:Monday, April 24, 2017


The pace of expansion in the global construction industry steadied in 2016, standing at 2.4%, but there will be an improvement in the next five years, with growth averaging 2.8%.

 

This White Paper features the main highlights and issues extracted from the report ‘The Global Construction Outlook 2021’.

 

The pace of expansion in the global construction industry steadied in 2016, standing at 2.4%, but there will be an improvement in the next five years, with growth averaging 2.8%. The pick-up will reflect trends in the wider economy; in 2017–2021, the world economy is set to expand by close to 3% per year on average.

 

However, there a number of key risks; most notable is how the Chinese authorities will rein in credit growth and manage the ensuing economic slowdown, and how investors in advanced economies will respond to the shift towards monetary policy normalization, particularly in view of the likely pick-up in inflation as commodity prices bounce back.

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