The worldwide sector is set to rise 2.3% a year in real terms, reaching $16.6 trillion by 2030, with four of the 10 fastest growing markets in Asia, says a London-based economic forecaster.
As the world continues its widespread vaccination effort, COVID-19 restrictions ease somewhat and the $1-trillion U.S. infrastructure spending package moves forward, forecasters express cautious optimism about the year to come.
Contractor group wants workplace definition changes, employer mandate liability and enforcement clarifications, among other things for federal contractors and large firms.