The continuation of the war in Ukraine and the severe energy crisis, along with the sudden changes in monetary policy, were initially pointing towards a recessionary outlook for the European economy. However, in recent months, it has performed better than expected due to lower energy prices, reduced supply constraints, improved business confidence, and a strong labor market. In 2022, for the European construction sector, a growth of 3% is confirmed, within an overall expansionary economic environment. In contrast, the new forecast for the European construction sector has been revised downward, with a shift from the previous assumption of ...
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