Infrastructure investment to lead S-E Asia's recovery
INFRASTRUCTURE development will be critical in leading South-east Asia towards a robust economic recovery as well as a more sustainable and resilient future, according to a joint report by Deloitte and Infrastructure Asia (IA).
This is because infrastructure development has a strong multiplier effect in terms of boosting economic activity and creating jobs, which means the final impact it has on economic output is greater than the initial injection of spending, the report said.
At the same time, infrastructure investment is crucial for creating a positive legacy of economic growth that is more resilient, sustainable, and productive, it added.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’