Global Construction Industry Report 2021 with Q12021 Updates on the Impacts of COVID-19 - ResearchAndMarkets.com
The global construction industry slowed down due to the disruption in economic activities due to COVID-19 outbreak.
- The global construction industry slowed down due to the disruption in economic activities due to COVID-19 outbreak.
- However, as operations resumed in Q3'20 in most of the major markets, the construction output is likely to recover in 2021.
- According to the Vietnam General Statistics Office (GSO), in Q3'20, construction industry grew by 5.7% year on year, with cumulative industry growth during the three quarters at 5%.
- Moreover, China is on its way to becoming the largest single construction industry over the next decade.