Geopolitics casts a shadow over buoyant civil sector

Felbermayr civil engineering project.2

Source: Felbermayr.

Worldwide requirements for upgraded basic infrastructure, notably transport systems and public utilities, will continue driving long-term demand for new civil engineering projects. Shorter-term, though, geopolitical issues, notably repercussions from new USA-led international trade tariffs and the war in Ukraine, are likely to harm the sector. Phil Hastings reports. 

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