Global Construction Market Is Forecast to Rise to US $12.7 Trillion by 2022
The Construction Intelligence Center (CIC) expects the pace of expansion in the global construction industry to average 3.6% a year over the forecast period (2018-2022) - down slightly compared with 3.7% in the March 2018 forecast update. In real value terms (measured at constant 2017 prices and US$ exchange rates), global construction output is forecast to rise to US$12.7 trillion in 2022, up from US$10.6 trillion in 2017.
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