REBUILDING AUSTRALIA: A Plan for a Civil Infrastructure Led Recovery
BIS Oxford Economics was commissioned by Civil Contractors Federation National to provide a study detailing how civil construction investment can be a tool for broader economic recovery in the face of the COVID-19 downturn.
The report is an independent assessment of the economic impact of civil construction activity to the financial year FY23, the impact on employment and activity under different scenarios, challenges and risks to an ‘infrastructure-led’ recovery and potential solutions.
The Australian heavy and civil engineering industry is a significant contributor to the Australian economy and has significant multipliers on investment. For every $1 million invested in the Australian heavy and civil engineering industry:
- 7.2 workers are employed in the construction and related industries
- $1.3m is contributed to Australian GDP
- $2.95m of output is contributed to the economy
Tags:
Related Services
Post
Growth may slow, but the consensus looks too weak
The UK grew at an above-trend pace in H1 2024, but we don't expect this to be sustained over the next couple of years. However, we are more optimistic than the consensus. Our forecast that GDP will grow by 1.7% next year is based on the notion that consumers will finally shed their caution and make a stronger contribution to growth.
Find Out More
Post
Asia Pacific: Summertime blues foreshadow the slowdown
Four themes have dictated Asia's macroeconomic outlook over the summer and are likely to continue to exert an influence over the rest of the year and into 2025, in our view.
Find Out More