Forecasts are literally spontaneously combusting but the near term forecasts are all but up in flames with the national and international impact of Coronavirus on all things, including, construction. The forecasts compiled here by the AIA varied a fair amount but were overall positive. Three months later, the forecasts are all likely less impressive and probably a little frightening. Does this mean mean we should hope for the best and prepare (work to avoid) the worst? Maybe. I think it shows that it's good to have cash in the bank. In construction liquid capital can be used to invest in and build new projects in good times and in hard times it can be used to cover required fixed costs and some variable costs. John Maynard Keynes said, "It is better to be roughly right than precisely wrong." Unfortunately, many of the construction sector forecasts included in the AIA report are going to be precisely wrong.
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