BY JOACHIM BAMRUD
ORLANDO – As the United States and Europe continue to see sluggish growth, construction firms are increasingly looking at fast-growing Latin America. The region is expected to grow 4 percent this and next year, The World Bank predicts. That compares with 2.8 percent and 2.9 percent in the United States this and next year, respectively. The Euro zone will likely grow even less – 1.4 percent and 2.0 percent, The World Bank says.
Economic expansion isn’t the only attraction for construction firms. Major infrastructure programs are also driving demand for construction services.
However, growth varies from country to country. Brazil and Peru lead the way, according to the Latin Construction Index from Latin Business Chronicle. It includes third quarter data from 13 countries in Latin America.
Construction drivers ...
Keywords: Argentina, Brazil, Chile, Colombia, Dominican Republic, Mexico, Peru
TABLE: Latin Construction Index