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10 Key Construction Markets to Watch in 2023

By GlobalData

With the gloomy economic backdrop, and additional challenges specific to the global construction industry, notably high construction material costs and labor shortages, GlobalData forecasts that global construction output will grow by just 1.8% in 2023, having posted estimated growth of 1.7% in 2022.

In this report, GlobalData assesses the outlook for 10 key markets across the world, showing the core forecast for quarterly output to end-2023 along with an indication of the variation around that forecast that reflects the uncertainty over how the industry will perform amid the wider global economic fragility.

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