Recession may cost 800,000 construction jobs – that’s one in three
The latest forecast from the Construction Products Association puts the annual peak to trough fall in construction at a shade above 20%. That probably translates to a 22% to 23% fall peak to trough on a quarterly basis, which compares with the 15% seen in the 1990s recession. This is a sharp downgrade from the forecast made just three months ago and is evidence of how the industry’s prospects have slipped deeper into the mire, despite the much talked of…