ASCE issues final Failure to Act study linking infrastructure investment and the economy

A new economic study unveiled Tuesday by ASCE offers a comprehensive evaluation of the long-term effects on jobs, GDP and other economic indicators if the nation cannot meet the investment needs of key infrastructure sectors. Failure to Act: The Impact of Current Infrastructure Investment on America's Economic Future analyzes and quantifies the interactive effect that investment gaps in surface transportation, energy, water and wastewater, as well as airports, inland waterways, and marine ports could have on the nation’s economy. It found that if infrastructure investment remains at current levels, our nation will face losses of $3.1 trillion in gross domestic product and $1.1 trillion in trade by the year 2020, costing the average household $3,100 per year in disposable income. The fifth and final study in ASCE’s Failure to Act series is also a preface to the Society's 2013 Report Card for America's Infrastructure, due for release in March. Download the full report, as well as easy-to-follow infographics explaining the study’s findings.

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