Expectations for Infrastructure Investment Plummet Globally, as COVID-19 Outbreak Shakes Confidence
According to a New Survey Taken Before and After the Hit of COIVD-19, a Lack of Infrastructure Investment Driving Pessimism Around a Post-Virus Economic Recovery
Despite the fact that social infrastructure and water projects - clean water, wastewater operations - are identified as top priorities from private and public sector entities from around the world, a new CG/LA Infrastructure survey shows that global industry leaders are not hopeful about an increase in infrastructure spending following the worldwide spread of the coronavirus.
In its new Global Infrastructure Industry Survey, CG/LA Infrastructure found only 5% believe that investment will “increase significantly” following the pandemic, a sharp decline from 34% before the crisis. In total, only 27% believes that infrastructure investment would increase or increase significantly - a drop from 71%, when asked previously.