The Impact of Recession and Geopolitical Tensions on the Construction Industry
The construction industry is no stranger to economic and geopolitical uncertainties, and recent events have demonstrated just how vulnerable this sector can be. In this article, we examine the impact of the recession and the ongoing conflict in Ukraine on the global construction industry.Introduction to the economic recession The construction industry is an essential component of the global economy, providing employment and infrastructure for societies around the world. However, like many other sectors, it has been hit hard by the economic recession that began early in 2022 and by the