Following a slow down in worldwide construction output last year, 2018 will to start a long period of growth, reaching 15% of total GDP by 2032, according to a new forecast. Established Western nations will be increasingly overshadowed by emerging economies, with China overtaking the U.S. in GDP.
In the next decade and a half, China and India will help shape the global construction scene, according to The 2018 World Economic League Table, just published by London-based Centre for Economics with Business Research with Global Construction Perspectives (GCP Global).