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No sustainable recovery in construction demand this decade

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  • Erich Gluch

Abstract

The Ifo Institute for Economic Research released the second edition of the ten-year construction forecast for Germany. Real average growth in the construction sector in the next ten years will only amount to ½%. In 2003 construction output will continue to decline, however. Not until 2005, after stagnation in 2004, will output grow by approximately 2%. In residential construction, housing completions will increase next year and reach approximately 340 000 units in 2006. After that the trend will again take a downturn. In non-residential construction, public-sector building will continue to lose importance; in building for the commercial sector, a clear activation of demand will arise by the middle of the decade at the latest.

Suggested Citation

  • Erich Gluch, 2003. "No sustainable recovery in construction demand this decade," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(06), pages 41-46, March.
  • Handle: RePEc:ces:ifosdt:v:56:y:2003:i:06:p:41-46
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    File URL: https://www.ifo.de/DocDL/ifosd_2003_6_6.pdf
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    Cited by:

    1. Erich Gluch, 2004. "Stabilisation of the housing demand at a low level," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(04), pages 11-17, February.

    More about this item

    JEL classification:

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

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