Mike Kelly infrastructure spending, infrastructure, manufacturing engineering jobs...
The World Economic Forum estimates a global need for $3.7tn in infrastructure investment each year.
Despite this only an estimated $2.7tn is invested, mostly by governments.
Apparently; from the US through Europe to the emerging world, there is a backlog of projects that are needed to drive growth, while institutional investors are desperate to find investments – like infrastructure.
According to the article: “Politicians and investors agree: there is an “infrastructure gap”, it is global, and it approaches $1tn each year.”
Acknowledgements: FT. John Authers - 10th November 2015