Economists make 2020 construction predictions
from Construction Equipment Guide
Construction economists are not sugarcoating their outlook on the industry in 2020. The Equipment Leasing & Finance Association forecasts slower growth in the economy next year, and predicts equipment investment will be weak. The Associated General Contractors and the Association of Equipment Manufacturers also expect moderate growth in the construction market. Though not the rosiest picture, there are bright spots. In fact, equipment sales are actually on somewhat of an expansion track.
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