Although the sector has a long and successful history in Trinidad and Tobago, construction remains heavily dependent on government spending. Partly due to a number of large-scale projects reaching or nearing completion, the sector’s economic performance has contracted in recent years, with negative growth of 1.6% in 2015, 5.2% in 2016 and 4.8...
What major developments can we expect to see from the sector in the short to medium term?
Optimism is returning to Trinidad and Tobago after years of recession. With the IMF forecasting GDP expansion of 1% in 2018 and 0.9% in 2019, the government now has the opportunity to shift their focus from tackling short-term economic problems to implementing long-term reforms and policy initiatives.
How would you characterise the outlook for Papua New Guinea’s construction sector in 2018?
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...
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