Published on 22 Nov 2023 on Insider Monkey via Yahoo Finance
20 Most Walkable Cities in Europe
In this article, we shall discuss the 20 most walkable cities in Europe. To skip our detailed analysis of the global urban planning and infrastructure industry in 2023 and its relationship with economic development, go directly and see 5 Most Walkable Cities in Europe.
It has been widely known for decades that sound infrastructural development is an absolutely critical predeterminant for stable economic growth and progress. According to a research paper by the Brookings Institution, good infrastructure facilitates seamless trade, powers economic activity, connects workers and ensures their physical and mental wellbeing thereby encouraging maximum output from labor, creates opportunities for struggling communities, and proves to be a reliable safeguard for states in an increasingly volatile natural and geopolitical atmosphere, especially in some of the most walkable cities. The paper outlines that more than sixty million people globally have jobs in fields directly related to infrastructure. From locomotive engineers and electrical power line installers, to road and construction workers, infrastructure jobs account for more than eleven percent of the United States' workforce. According to an estimation by PwC, the global infrastructure industry is well positioned for significant growth, with a current valuation of $2.57 trillion as of 2023. It is projected to reach $3.48 trillion by 2028, at a CAGR of 6.27% during the forecast period 2023-2028. Some of the most prominent players in the global infrastructure industry are Vulcan Materials Company (NYSE:VMC), Eaton Corporation plc (NYSE:ETN), and Brookfield Infrastructure Partners L.P. (NYSE:BIP). To read about more players which are dominating the infrastructure industry in 2023, check out our article on the 10 Best Infrastructure Stocks to Buy Now.
Infrastructure Industry in 2024: Emerging Trends