The coming year presents a complex landscape for the construction industry. Cost, risk and growth will be impacted by geopolitical turmoil, inflation and increased regulatory complexity.
According to Kim Eng Tan, S&P Global s Managing Director for APAC sovereign ratings, India will clock a GDP growth rate of at least 6.4 percent or more for the next few years.
The huge growth in China’s lending to developing country governments, especially those with debt problems, makes it an indispensable player when they can no longer pay their debts. Reconciling the interests and wishes of Western and Asian creditors will need compromise and patience but is the only way to achieve debt relief