Global infrastructure spending need to hit $97 tln by 2040: G20
Infrastructure investment required to support global economic growth is expected to reach US$97 trillion by 2040, according to a report by the G20's Global Infrastructure Hub. The report, Global Infrastructure Outlook, also found that US$18 trillion, or almost 19 percent of the total forecast, will be unfunded if current spending trends continue. The United States will see the largest gap in infrastructure spending at US$3.8 trillion. Canada will have one of the lowest funding gaps. Based on current trends, Canada is expected to meet 98 percent of spending on infrastructure required to keep pace with a 61 percent rise in GDP by 2040, the report found.
25 July 2017•6 mins read
