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European growth stalls

By: Series: Building ; 266(8214) 14 December 2001, 46-49(4)Publication details: 2001Subject(s): Summary: General analysis of the European construction economy, with predictions for the next few years. Shows that the slowdown in the United States economy has spread to Europe with GDP forecasts lower than six months ago. In many aspects Germany fares the worse with only a 2% growth rate over the two years to 2002. The reason for the downturn is mainly due to a reduction in housing work and a slowdown in non-residential construction. Also features orders which include figures showing housing orders rising steeply between July and August 2001 then falling back to more moderate levels in September. With tables of all new work and public and private housing.

General analysis of the European construction economy, with predictions for the next few years. Shows that the slowdown in the United States economy has spread to Europe with GDP forecasts lower than six months ago. In many aspects Germany fares the worse with only a 2% growth rate over the two years to 2002. The reason for the downturn is mainly due to a reduction in housing work and a slowdown in non-residential construction. Also features orders which include figures showing housing orders rising steeply between July and August 2001 then falling back to more moderate levels in September. With tables of all new work and public and private housing.