Construction faces longer and deeper slowdown

Consultant Arcadis is warning that construction now faces a longer and deeper slowdown than initially expected.
The firm is more downbeat about prospects for construction predicting that the expected 2024 recovery will be delayed.
Arcadis has downgraded its outlook because of the Government’s high interest rate policy, the growing cost of debt and an emerging slowdown in public project delivery.
In its latest Autumn report, Arcadis said sands appear to be shifting across the construction l