PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 11th Nov 2008, 19:31
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chrisbl
 
Join Date: May 2003
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This recession is going to be deeper and longer than the last. The first industry to go into recession is the construction industry not caused by the usual factors but by the banks cocking it up and it is looking really bad

One of the reasons the big house builders have not gone bust is that they are still the best firms to sell houses, not the banks.

The first industry to leave the recession will be construction, it all ways is and usually because governments pump money into infrastructure. This does not happen overnight and will take a couple of years.
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