Euroconstruct issues forecasts for 2021-23

European construction forecasting body Euroconstruct said Europe’s construction market will shrink by 7.8% this year and will not recover fully until 2023, with forecast growth of 4.1% in 2021, 3.4% in 2022 and 2.4% in 2023.

The forecast for this year is an improvement on previous estimates of -11.5%…