Trump 2.0 short-term good for construction but brings labour and housing risks, say economists

Neil Gerrard Senior Editor, Construction Briefing

13 November 2024

A combination of fiscal stimulus, curbed immigration, increased tariffs and other policy decisions are likely to impact construction under newly elected US President Donald Trump.

That’s according to Oxford Economics, which assessed the prospects for the global construction industry ahead of Trump’s administration taking over the reins of the US government in January.

Its economists forecast that US fiscal expansion in the form of tax cuts, interest rate cuts, and higher federal spending in…

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