World construction 2012 [electronic resource]
Language: English Series: Davis Langdon World Construction ; 2012Publication details: [S.l.] AECOM 2012Subject(s): LOC classification:- 338.4569 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 158367-2001 |
Gives overview of construction globally. Construction spending growth has stalled and 2011 was the fourth consecutive year with little or no growth. Overall, world construction spending grew by just 0.5% to $4.6 trillion and is still below the levels achieved in 2007. However, on a positive note, 2011 saw the first increases in world construction spending since the start of the recession. Although, the outlook for 2012 is looking slightly more pessimistic as the developing economies responsible for much of the growth in the recent past are starting to slow as their developed country export markets continue to decline.