Source: Construction News 26/09/2016
With uncertainty still rife in the aftermath of the EU referendum, the Construction Products Association analyses three potential forecasts for construction’s future.
There’s an old joke that US president Harry Truman once asked for a one-handed economist because all his economic advisers favoured the phrase ‘on the one hand…but on the other’.
This is particularly apt for those of us trying to determine the post-referendum outlook, as it is difficult to gauge how the economy is reacting to the result to leave the EU and how it will fare over the next couple of years as Brexit negotiations progress.
Given this uncertainty, compounded by a lack of data covering the months after the vote, the CPA has veered away from its usual point estimate forecasts and instead carried out an analysis of potential scenarios for the near-term period to 2018. Truman would despair, as I actually need three hands to lay out our central, upper and lower scenarios for the economy and construction industry.
Read the full article by Construction News here.
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