Governments are increasing fiscal expenditures to update and expand infrastructure projects. For instance, The Obama administration has proposed $478 billion in spending on roads, bridges, ports and other key transportation nodes, reports Jeffrey Sparshott for the Wall Street Journal.
“While infrastructure investment will continue to be needed even after the economy reaches full employment, time is running out to make these needed investments under ideal economic conditions,” the White House budget said.
Oxford Economics and PwC project global infrastructure spending will top nearly $78 trillion between 2014 and 2015, with about 60% of that coming out of the Asia Pacific, the Wall Street Journal reports.
For more information on market indices, visit our indexing category.
Max Chen contributed to this article.