European construction growth expected to slow
The construction industry in Europe is losing some momentum. The rise is expected to increase by 2.7% this year. In the previous year, the increase was 3.9%, as calculated by Euroconstruct. As a result, the pace of growth should continue to slow in the medium term, reaching only 1.4% by the end of the decade. "Among the causes include the well-utilized capacities of the construction industry, the high prices for residential real estate, but also economic policy risks such as Brexit," says Ifo Institute for Economic Research (Ifo) expert Ludwig Dorffmeister. "In addition, over ...
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