Nonresidential construction to emerge as growth leader in 2004
The success of the hostilities in Iraq has set the stage for stronger economic recovery and growth, according to the Spring 2003 forecast from the PCA ...
The success of the hostilities in Iraq has set the stage for stronger economic recovery and growth, according to the Spring 2003 forecast from the Portland Cement Association. Clearing economic vision points to a change in construction activity, with nonresidential construction poised to lead the way.
“Robust economic activity is expected to characterize 2004,” reported PCA Chief Economist Edward J. Sullivan at the unveiling of the forecast during the association’s recent board meeting. “The economic momentum materializing in the second half of 2003 will be bolstered by tax cuts, stronger job creation and a full-fledged recovery in investment spending.”