{
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  "documentTitle": "Delivering on construction productivity is no longer optional",
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  "authorName": "McKinsey",
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  "notes": "The chart compares construction output in 2000, 2023, and 2040, showing a growth rate increase from 1.3% p.a. to 2.7% p.a.",
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      "kind": "disclaimer",
      "text": "1. IHS Markit\n2. McKinsey Global Institute net-zero estimates, assuming all net-zero capex in power, buildings, fossil fuels, and industry directed to construction (and not to machinery and other physical assets), conversion rate from sales to VA for net-zero projected from IHS Markit estimates for construction\nNote: estimates calculated according to 10 largest economies in terms of construction (~69% of global output) and generalized across global economy",
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      "kind": "legend",
      "text": "Other Construction; Projected net Zero related Construction",
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      "text": "Annual construction output: $14tn",
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      "kind": "subtitle",
      "text": "Annual construction output (global excluding China), 2000-2023 and 2023-2040 ($tr real 2019)1,2",
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      "text": "In the next years, construction has to double it's growth to ensure meeting the projected needs",
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      "name": "Cost Of Inaction",
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "990aa465-b7e4-4c79-8554-71f52f343fea",
      "evidence": "On current trajectory, the sector may be unable to meet demand",
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