Posts with the 'Economy' tag
Economists at the influential Construction Products Association have downgraded their previous forecasts of a 3% decline in workload in 2012 to an eye-watering 5% drop.
Contractors will feel the squeeze as public spending slows and this won't just be within the housing market; it looks like contractors who undertake larger projects will start to suffer. There is a possibility that the 'recovery' will be as late as 2014 which may well mean that many smaller businesses may go under.
For more on this story see Construction Enquirer.