The Decline in Capex: Why Aren’t Companies Spending?
- The Decline of Capex [3:38]
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Fifteen years of over-investment in capital-intensive industries has led to overcapacity in many markets. Daniela Costa, senior analyst for Goldman Sachs Research, forecasts a 5% global capex decline in 2016 that will kick off the first multiyear downturn since the early 1990s.