The US economy has recovered from the 2015 ‘industrial recession’, energy markets are resurgent and Trump has inspired consumer and corporate confidence – it feels like these are the glory days for US infrastructure.
The latest Travel Diary from our Global Listed Infrastructure team comes from Andrew Greenup, Deputy Head of Global Listed Infrastructure. Following a recent trip to the United States of America, he notes that:
- The US economy has recovered from the 2015 ‘industrial recession’, energy markets are resurgent and Trump has inspired consumer and corporate confidence – it feels like these are the glory days for US infrastructure.
- Declining cost curves are changing the US energy landscape. The drive for energy independence has evolved into energy exports. The switch from coal to renewables is increasingly being driven by economics, not ideology. Government legislation may speed or slow this progress, but the outcome is inevitable.
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