Growth in China’s construction output will be strong in 2009 compared to the rest of the world, but it will be down on the double-digit rises the industry is used to. Chris Sleight looks at how the government’s US$ 585 billion stimulus package should help.
The Associated General Contractors of America (AGC) trade association says 65% of US non-residential construction companies expect to lay-off workers in the next six to 12 months if the business climate does not improve.
European construction output is expected to fall -4,3% in 2009, following a -2,5% drop in 2008, according to the latest figures from Euroconstruct. Moderate growth of +0,4% is expected in 2010, picking up to +2,2% in 2011.