BMI: Muted Outlook For Construction Growth In 2024
Fiscal pressures will weigh on capital expenditure this year.
Construction industry growth in Sub-Saharan Africa will outperform the global average of 3% in 2024 to reach 5.4%, according to forecasts by BMI, a research company owned by the US' Fitch Group. However, the outlook for infrastructure spending in the region is muted due to governments’ mounting fiscal pressures. Speaking during