Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood construction / Wood Products / Europe / Global
June 25, 2020
Forecast: Europe’s construction industry to be hit hard by COVID-19, says Euroconstruct
The European construction industry will be hit hard by the COVID-19 crisis, according to Euroconstruct's latest forecast for 19 European member states. Abrupt downturn in 2020, recovery to come in 2021 There will be an abrupt downturn in the European construction markets this year, but a slow recovery will begin already next year. As these markets had a lot of challenges already upfront the COVID-19 crisis with stagnation trends in many countries, it is not surprising that the ongoing crisis will have a huge negative impact on the markets ...
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