IBR Sector focus series - Transport
IBR Sector focus series - Transport
Transport enjoyed a period of vigorous health during the global boom of 2003 to 2007, but conditions are now very different. The global recession has curbed demand and has exposed severe weaknesses, including significant over-capacity in some parts of the industry. A growth rate of around eight per cent during the boom was transformed into contraction in the second half of the year. However, demand in the sector is expected to grow in the longer term with transport infrastructure a potential target to stimulate economic recovery.