A new report says global spending for capital projects and infrastructure will top nine-trillion-dollars a year by 2025. That’s up from four-trillion in 2012. Asian countries, especially China, are expected to lead the way. The Outlook to 2025 report focuses on five sectors: Extraction industries, utilities, transport, manufacturing and social, which includes city infrastructure. The findings say emerging markets, mostly China and other Asian countries, will see much faster growth in infrastructure spending. One reason is because the region did not have the burden of recovering from a financial crisis.” Another is big demand in China. Read more via Voice of America
