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Construction activity in Europe: moderate expansion after 2003

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  • Volker Rußig

Abstract

Nowhere else in Europe is the construction sector so deeply in crisis as in Germany. This was seen in the results of the 52nd EUROCONSTRUCT Conference on 6 December 2001 in Rome. For the aggregated European construction output, a slight expansion is expected from 2003 onwards, after stagnation in 2001 and 2002, and a return to a moderate expansion course. The construction sector, therefore, will continue to retard economic growth in Europe. In 2004 a new record for construction output of €950 billion will be reached, but construction will continue to decline as a percentage of GDP in Western Europe.

Suggested Citation

  • Volker Rußig, 2002. "Construction activity in Europe: moderate expansion after 2003," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(04), pages 26-33, February.
    • Handle: RePEc:ces:ifosdt:v:55:y:2002:i:04:p:26-33
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    References listed on IDEAS

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    1. Oscar-Erich Kuntze, 2001. "Ireland: the tiger takes smaller leaps," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(15), pages 30-36, October.
    2. Hans-Werner Sinn & Wolfgang Nierhaus & Wolfgang Meister, 2001. "Bottoming out," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(24), pages 27-42, January.
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    More about this item

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction

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