Merrill Lynch: Emerging Market Infrastructure Spending Will Surge 80% in the Next Three Years
July 09, 2008 at 09:50 AM EDT
Merrill Lynch & Co. Inc. (MER) has raised its annual infrastructure-spending estimate for emerging markets by 80%, as developing countries try to keep pace with fast-growing economies and large cash reserves, BusinessWeek reported. Investment in infrastructure, which the firm sees as…