What does 2023 hold for the German construction market?
20 April 2023
The post-pandemic economic recovery that started in the spring of 2022 was cut short by the energy and cost-of-living crises caused by the Russia-Ukraine war, but November–December data releases suggest the current recession could be shallower than had been previously feared.
The fallout from the Russia-Ukraine war only began to seriously dampen Germany’s economic activity when gas and power prices skyrocketed, owing to Russia’s progressive curtailment of gas exports.
During the fourth quarter, however, gas storage temporarily reached 100% of capacity, and it became clear that construction of three floating liquefied…
Calculate the total cost of ownership and
CO2 output of construction machinery
using the European Rental Association’s
online, free-to-use calculators.
CONNECT WITH THE TEAM
