image credit: Pixabay

How the Construction Industry Can Lead the Economic Recovery

October 28, 2020

It is no news that the global economy has been a bit shaky for years now, then the pandemic struck and everything went spiraling downward.

Statistics show that unemployment was at 14.7% in April 2020, the highest rate in America since the Great Depression, and gross domestic product fell by 4.8%.

Do we just sit and watch as our own economy self-destructs, or do we try to salvage what’s left and bounce back? Indeed, every forward-thinking person is asking, “What now? How can the economy be saved?”

According to the Associated General Contractors of America, the construction industry bears over 7 million employees on its back and creates structures worth nearly $1.3 trillion every year.

Read More on ConstructConnect