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Is The Construction Industry Recession Proof?

Is construction recession-proof? In a word - no.

No industry is recession-proof, and when looking for specific examples of construction industry recession, 2008 is the last time considerable economic turbulence caused serious damage. Recession impact on construction industry businesses and workers can be enormous - up to 2.3 million jobs were lost during the last recession, and nearly 150,000 firms closed.

11th December 2020