Construction Outlook for 2020

Date Posted: February 27, 2015

Posted In: Ideas,

From Procore:  The construction market outlook over any length of time is a mixed bag of estimating and guesswork. Short-term, market indicators such as the Architectural Billings Index, Reed’s Market Intelligence Forecasts, and Engineering News Record’s Construction Forecasts provide dependable outlooks. But longer term predictions have headwinds in producing reliable estimates of where the market is heading. That’s simply because of all the variables. Not the least of which has been whether the global economy will survive.

During the depths of the recent recession, many rang the death knell for the global economy and globalization. With financial markets in turmoil, regions and even nations turned inward to protect what they had. While full-scale globalization has yet to get back into full swing, voices such as Peter G. Hall, vice president and chief economist with Export Development Canada, now predict the beginning of the world’s new growth cycle proving that globalization is very much alive.

Read more.