Construction output to nosedive 70%, forecaster warns

By Dave Rogers2020-04-15T10:42:00

Industry will be one of most affected in second quarter, Office for Budget Responsibility says

The government’s independent economics forecaster has warned that construction output in the second quarter could collapse by 70%.

The scenario is contained in a breakdown of the impact on industry sectors following the government’s decision to put the country into lockdown to deal with the coronavirus outbreak.

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