Recovery in European construction sector expected in 2025, says Euroconstruct

The continuation of the war in Ukraine and the severe energy crisis, along with the sudden changes in monetary policy, were initially pointing towards a recessionary outlook for the European economy. However, in recent months, it has performed better than expected due to lower energy prices, reduced supply constraints, improved business confidence, and a strong labor market.  In 2022, for the European construction sector, a growth of 3% is confirmed, within an overall expansionary economic environment. In contrast, the new forecast for the European construction sector has been revised downward, with a shift from the previous assumption of ...