It appears that the increased expenditure on infrastructure has not yet had its intended impact on the growth of the Global Economy.
The European construction industry has maintained its growth as per our forecast in 2015. It is expected to continue to steadily grow in the coming year averaging at 3%.
There is a total public sector planned investment of €42 billion between now and 2021.
The construction output is forecast to rise by 3.8% in 2016 and by 3.6% in 2017.
Declining oil prices and commodities price reductions will impact on the construction market.
Growth in the region is expected to ease from 6.4% in 2015 to 6.2% on average in 2016.
Infrastructure and public housing are experiencing most growth with Government spending.
The US construction industry enjoyed a consecutive third year of growth, with total spending on all types of construction estimated to exceed $1,116.6 billion
Declining global oil prices will reduce the cost base significantly.
The World Bank forecast India will grow at 7.9% by 2018.
GDP on the continent is expected to increase again in 2016.
Infrastructure and public housing are experiencing most growth with continued government spending.
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