High time for countries to start investing in infrastructure again

SINGAPORE (Oct 24): Public investment in infrastructure has fallen significantly as a proportion of total gross domestic product in both advanced and emerging economies. And that’s not a good thing for the global economy and the living standards of many people.

In particular, Citi Research noted that investments in infrastructure as a proportion of GDP had fallen from 5.2% to 3.3% for advanced economies and from 9.1% to 7.4% in emerging economies over a period of nearly 50 years.

This decline occurred despite the continuing social need for infrastructure, including the 1.5 billion people who lack access to electricity, the 1 billion people without access to clean water, and the 2.5 billion people who lack basic sanitation.

---

Related Stories

• Brokers’ Digest: CDL, PropNex, PLife REIT, KIT, SingPost, Grand Banks Yachts, Nio, Frencken, ST Engineering, UOB
• CDL’s ‘strong sell-through rate’ proof of improving residential demand: analysts
• DBS keeps 'buy' on Seatrium following MOU to capture potential growth of rigs in India

---