WBG Vice President for Infrastructure: Housing market remains one of the key economic indicators for all economies
Baku, May 20, AZERTAC
A strong housing sector is a key driver of economic growth, accounting for an average of 15 percent of gross domestic product. It creates value across all sectors of the economy, from construction to materials manufacturing, and from financial services to utilities, said Valérie Levkov, Vice President for Infrastructure at the World Bank Group (WBG), during the event titled “From Global Housing Finance to Local Affordable Housing Action: Leveraging Global Development and Subnational Finance,” held as part of the 13th Session of the World Urban Forum (WUF13).
According to her, the housing market remains one of the key economic indicators for all economies.
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