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V-SHAPED RECOVERY
| 题名： | V-SHAPED RECOVERY |
| 正文语种： | eng |
| 摘要： | Global construction equipment makers will be heartened to hear that the COVID-19 pandemic-ravaged construction industry in South and Southeast Asia is set to post a V-shaped recovery in 2021, according to GlobalData. The stringent lockdowns and social distancing rules due to COVID-19 have severely disrupted the construction industry across the region. Consequently, its construction industry was expected by GlobalData to contract by 8.5% in 2020. However, assuming that a widespread second wave of infections is avoided, GlobalData says output will rise sharply in 2021 because of the low-base effect, as well as the underlying potential for growth in the region given the rising middle-class population, and investment in housing and infrastructure. The slump in construction output is reflected in the unprecedented sharp contraction in the second quarter in countries such as Singapore (-59.3%), India (-50.3%), Malaysia (-44.5%) and the Philippines (-33.5%). |
| 出版年： | 2021 |
| 期刊名称： | World highways |
| 卷： | 30 |
| 期： | 6App. |
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