The ride ahead

Horton, Karl

The ride ahead - 2005 - QS Week 27 July 2005, 12-13(2) .

Looks at forecasts for the world economy, the UK and construction industry. Growth is expected to slow before rising again in 2007, as the successful bid for the 2012 Olympics boost the construction industry following the end of the Channel Tunnel Rail Link and Heathrow's Terminal 5. Opinions vary over the outlook of the construction industry but many agree that construction growth will remain generally good over the next two years. However, increased labour demands for the London Olympics may lead to skills shortages and wage increases in the industry.