International cost comparison 2019

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A slowdown in the growth of the global economy brings both challenges and opportunities for the construction sector around the world, alongside some cause for cautious optimism, says Agnieszka Krzyzaniak of Arcadis

“May you live in interesting times,” said the Chinese curse famously referenced by US senator Robert F Kennedy in a 1966 speech. More than 50 years later, the times are indeed interesting, thanks in part to the actions of the US and China.

As for how the construction industry is feeling, lots of people can probably relate to the words: “You can’t always get what you want,” by the Rolling Stones.

As much as many would like to see an injection of optimism, the most the International Monetary Fund could offer in its latest update was “still sluggish global growth” and an adjustment of global growth forecasts to 3.2% for 2019 and 3.5% for 2020.

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