Maren Baldauf-Cunnington
NewsAnd the slump goes on ...
Optimists beware: the economy is still shrinking at a sharper rate than expected
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And the slump goes on …
The UK economy shrank by another 0.8% in the second quarter, according to preliminary figures. While the drop was markedly slower than the 2.4% decline in the first quarter of this year, it was still a much sharper contraction than many analysts had hoped for. It also marked the fifth ...
NewsThe looming black cloud of government debt
Although global forecasts are less dreary, Maren Baldauf-Cunnington warn that not all is rosy on the horizon
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Global forecasts getting less dreary, but looming black cloud of government debt
With all the talk about increasing signs of economic “green shoots” in recent months, it was perhaps too easy to suddenly relax and think that the good times are just around the corner.
NewsUAE tender prices expected to plummet 10-15%
Latest forecasts predict outlook for the emirate even gloomier than the UK's 6-9% drop
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UAE construction tenders to fall up to 15%
Last week, we published our latest forecast for UK tender price inflation, in which we predict tender prices to decline by a further 6-9% this year and another 3-5% in 2010, due to increased competition as jobs complete and contractors chase a dwindling supply of work, as well as lower ...
NewsConstruction orders reveal industry’s pain
Overall order volumes in the first quarter of this year were the worst since records began in 1983
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Construction orders reveal industry’s pain
The March figures for construction new orders were only marginally better than those seen in the previous two months and there are still little signs that point to any stabilisation in industry workload.
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Brace for public investment cuts
Three things stood out in yesterday's Budget: First, the shocking state of UK public finances, second, the Chancellor's gambling on a very rapid rebound of the economy to make his numbers add up and third, that the construction industry will almost desperately hope for private sector demand to return by ...