Transcription of Middle East Construction Handbook 2018 - 19 - AECOM
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Middle East Construction Handbook 2018 - 19 - AECOM
18 19 PROPERTY & CONSTRUCTIONH andbookMiddle East12 Middle East Property & Construction Handbook 2018 /19 Welcome to the twelfth edition of the Middle East Property & Construction Handbook . We hope that you will find our assessment of the trends shaping the global and regional Construction industry of interest and this year s selection of articles and cost data of value. This year, we start off by reviewing the global macro- economic factors that categorized 2017 as a better year than 2016 for the world economy; a trend set to continue in the near term. Better than expected performance of key markets in Europe and the US supported an uptick in global economic output in 2017 and early 2018 . Increased manufacturing output in Asia also played a part. Section one contains a detailed review of these markets as well as our anticipated trends for the remainder of 2018 and into our articles section we explore three emerging trends in the Construction market.
2014 2015 2016 2017e 2018f 2019f 2020f World Advanced Economies EMDEs Source: IMF, World Economic Outlook, Apr 2018 % change y-o-y Fig. XX Growth in volume of exports of goods and services Growth in volume of exports of goods and services Real GDP growth Source: World Bank Economic Prospects, June 2018 4.2% 4.3% 4.8%
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