Global Construction Industry Databook 2023-2024: Labor Shortages, Rising Interest Rates and Material Costs to Hinder Growth Over the Coming Quarters [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
units), Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering. The global construction market is projected to remain impacted due to labor shortages and rising interest and material costs over the next few quarters. The current macroeconomic environment has resulted in the downfall of several builders over the last 12 months, especially in markets like Australia and Germany. In these countries, the publisher expects the trend to further continue in H2 2023 and Q1 2024. In other regions, like the Middle East and India, the construction market is poised for accelerated growth over the next three to four years. Increased spending from the public and private sectors will keep aiding the broader market growth. In India, the government has emphasized the importance of improved infrastructure to drive economic growth, and therefore, is expected to increase spending significantly in fiscal year 2024-25. The construction industry is also projected to show steady growth
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