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      "text": "Global Construction Spend (Indexed) Index: 1995 = 100 Jun 1998: ~$217B transportation bill Feb 2009: ~$48B1 ARRA bill Nov 2021: ~$1.2T infrastructure bill Dot-Com Bubble (8 months) Great Financial Crisis (18 months) COVID-19 (2 months) Global Construction Spend",
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      "text": "Source: IHS Markit | National Bureau of Economic Research. Note: Global construction spend data as of December 31, 2022. The duration of historical economic recessions is measured from peak to trough by the National Bureau of Economic Research. 1 Amount invested in transportation infrastructure as part of the American Recovery and Reinvestment Act (ARRA).",
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