Why European construction could be set for a downturn in 2024

Neil Gerrard Senior Editor, Construction Briefing

05 September 2023

The construction industry in Europe could start to shrink in 2024, according to the latest forecast from economists at Dutch bank ING.

ING warned that high interest rates and soaring building costs have “drastically reduced” demand for new buildings in Europe.

It said that ongoing projects and a heightened…

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