Macquarie Chief Says Infrastructure Cycle ‘Softer’ Than Expected

Sept. 28 (Bloomberg) -- The cycle of government infrastructure investment around the world is “a little softer” than expected as economies recover from the global financial crisis, Nicholas Moore, chief executive officer of Macquarie Group Ltd., told a conference in Sydney today.

“Frankly, it’s a little softer globally than we would have expected,” Moore said at the Forbes Global CEO conference. Normally by this stage of a recovery “good opportunities” for infrastructure investment would have emerged in the developed world.

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