Global construction volume will grow by 1.2% this year and by 3% annual average over the rest of the decade, forecasts London-based Global Construction Perspectives in a report released Jan. 23.
Construction output in North America is forecast to grow 2.4% in 2022 and is expected to reach $1.94 trillion, up from $1.89 trillion in 2021, despite rising material prices and interest rate hikes, says GlobalData.