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By Daniel Gayne2022-08-05T15:25:00
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Some construction sectors could fare much worse than others, say analysts
Investors in new construction could tighten the purse strings after the Bank of England’s “shock” recession forecast which dented confidence in the sector.
The bank yesterday announced it would raise interest rates to curb inflation and forecast the economy to shrink in the last three months of the year, with the predicted recession expected to last as long as 15 months.
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