Global construction can look forward to stronger 2025 (with one possible exception)

That’s according to exclusive analysis of the industry’s prospects around the world from Scott Hazelton, consulting director at S&P Global Market Intelligence, presented at the Cranes & Transport Middle East Conference in Dubai last week.

Hazelton explained that declining inflation combined with expected interest rate reductions by central banks around the world should lead to increased construction spending in nearly every region of the world in 2025 (see chart below).