Construction output will increase by 21 per cent in the next 10 years despite a softening in new building orders due to Covid.
A new report by Oxford Economics shows output in the US, UK, Canada, New Zealand and Australia will total $1.3 trillion by 2030, driven by strong population growth.
In the meantime, Australia’s construction output is expected to be down -10.4 per cent in 2020 and up 7.1 per cent in 2021.
Click HERE to read to full article published by The Urban Developer on 11 September 2020.
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