Pantheon Macroeconomics

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8th Nov 2022 15:53U.K., Daily Monitor

  • The construction sector continued to recover in Q3, as supply constraints and labour shortages eased...
  • ...But we doubt it will defy gravity for long, given the surge in borrowing costs and the looming fiscal squeeze.
  • Given the pro-cyclical nature of construction output, we expect it to fall by 3% in 2023, twice as much as GDP.

borrowing construction construction sector gdp labour supply

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Keywords for: 9 Nov 2022 UK Monitor

borrowing, construction, construction sector, gdp, labour, supply, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence