Wednesday, January 28, 2009

Very interesting

Construction output to fall to 1996 levels by 2011, says forecast

That would be a drop of about 20% in volume terms. It would put this recession on a par with the collapse in workload that followed the first oil price shock that saw construction output dive from its zenith in the spring of 1973 to its nadir in autumn 1976. That was the deepest recession in construction since World War II and it was soon followed by a second recession

Posted by mark @ 11:33 AM (2040 views)
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