PwC forecasts global spending on capital projects and infrastructure to increase by more than $9T a year by 2025, and estimates $78T in total global spending between now and then. Spending for 2012 was $4T.
The new calculation also projects a much faster growth rate in China and other Asian countries that have not faced the brunt of the financial crisis. China surpassed American capital and infrastructure spending in 2009.
U.S. capital projects and infrastructure spending is expected to increase 3.5% annually, reaching $1T a year by 2025.