Quarterly Trends Report

COVID-19 collapses construction industry

  • Multi Asset
  • Materials
  • Europe

The European construction industry was immediately and severely disrupted by the coronavirus outbreak. Activity varied across the region according to government responses, leading to something of a “patchwork” effect, according to one expert we spoke to. For instance, some construction continued in the UK and Switzerland, while southern Europe saw activity plunge by 60-70% at one point.

As lockdown restrictions lift there is scope for this sector to bounce back, but questions remain around the future of infrastructure investment, owing to the likelihood of governments having to shell out on social spending programmes. What’s more, the knock-on effects of a damaged construction sector could reverberate throughout many others. To understand more about what these could be, Third Bridge Forum interviewed numerous experts working in these areas.

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