According to HSBC, worldwide economic growth is expected to double, thanks to growth in global infrastructure ­related trade. The bank’s report explained that global infrastructure trade is also expected to triple in size by 2030, with Brazil and Mexico paving the way for infrastructure related imports and exports in Latin America.

Between 2013 and 2030, infrastructure related trade growth will average 9% per annum, with global GDP averaging 4%. Overall merchandise trade is expected to increase from 45% to 54% of total goods exports, with growth peaking between 2016 and ­2020. By 2020, it has been predicted that India will become the largest infrastructure related goods exporter, while China will become the largest investment equipment importer in order to boost production.

Predictions for the growth of imports and exports of infrastructure related goods for Brazil have been 9% per annum, while Mexican imports and exports will reach around 7% and 8% respectively.

Brazil, the host of the 2014 World Cup and the 2016 Summer Olympics, is now rushing to complete various infrastructure related projects. The president of BNDES (Brazil’s national development bank), Luciano Coutinho, predicted infrastructure investments will reach around $524 billion by 2017.

In contrast, Mexican president Enrique Peña Nieto revealed an investment plan worth roughly $304 billion through 2018. It is thought that Mexico will rely less on the US as its main outlet for exports, while establishing stronger trade relationships with other markets in Asia and Latin America.