Monday, September 12, 2011
Construction Headline News for September 12, 2011
Forecast: Impact of Double-Dip Recession on Construction Spending
As bad economic news continues to flow, Reed Construction Data has lowered its baseline economic forecast and raised its subjective probability of a recession to 30%. Economist Bernard Markstein says his company is optimistic that the U.S. economy will avert descent into another recession, but the risk is real enough to consider what another recession might do to construction. He projects how spending on heavy
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