Companies across the globe are ramping up their spending, with global ratings agency S&P Global Ratings forecasting corporate capital expenditure (capex) will rise 13% this year. According to the ‘Global Corporate Capex Survey 2021: Surge Investing’ report, global capex from nonfinancial companies fell to $3.3-trillion in 2020 from $3.5-trillion in 2019, and it is set to rebound to $3.7-trillion this year.
