Despite global market disruption caused by the novel coronavirus COVID-19, it is possible the pandemic could leave significant opportunities for infrastructure investing in its wake.
According to a recent infrastructure report by S&P Global Ratings, if the U.S. invested $2.1 trillion into public infrastructure spending over a 10-year horizon, it could create 2.3 million jobs by 2024.
If executed wisely, the productivity boost from the infrastructure investment could add as much as $5.7 trillion to the United States’ GDP over the next decade, expanding the estimated potential real GDP growth to 2.2 percent from 1.7 percent.
“COVID-19 has created an urgency to invest in much-needed public health infrastructure,” stated the report. “Six months from now, we may look back on the pandemic as an event like Super Storm Sandy, which called attention to the need for investing in infrastructure to prevent damage from climate change. Either way, it all comes bac
