Construction industry 'will not recover until 2023'

on 20/02/2013 08:54:24

It will be at least 2023 before the construction industry is sustainable, according to global construction consultants Davis Langdon.

The companys says that even with growth of 10% per year, it would take 10 years for the industry to recover here.

The output of the Irish construction industry is due to decline by 3% this year following a 9% fall in 2012.

Davis Langdon said the 2013 outlook represented relatively good news in terms of curbing the industry's downward spiral.