After ten years of growth (2008-2018), the peak has been reached in the global construction growth cycle: 2018 will be the turning point. Growth in this industry should gradually cool down to +3.0% in 2019, from +3.5% in 2018, according to Euler Hermes’ proprietary data on millions of companies across 70 countries. Over the past decade, most of the growth came from emerging markets (+57% since 2008), while developed markets have not even fully regained their pre-crisis volumes. Going forward, slowing GDP growth and tighter financial and monetary ...
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