The Impact of COVID-19 on the Construction Industry

The Impact of COVID-19 on the Construction Industry

The Impact of COVID-19 on the Construction Industry

03/19/20

“What is the impact of COVID-19 on the construction industry?”

 

As of writing, the coronavirus outbreak is freezing the economic engine of global capitalism. The construction industry is no exception to this. With the spread of the disease, people are being forced to stay at home or are becoming sick, resulting in a labor shortage. Global logistics are also going through a downturn, making it more difficult to obtain the necessary materials. All of these combine to cause a slump in construction, straining the already present housing crisis and potential recession. This is The Impact of COVID-19 on the Construction Industry.

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