Global Financial Crisis and Recession Is Knocking Down Inflation Worldwide | ENR: Engineering News Record

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Global Financial Crisis and Recession Is Knocking Down Inflation Worldwide Publication Date: 17-DEC-08 Author: Peter Reina with Tim Grogan Format: HTML

Description:
The U.S. financial crisis spread rapidly to the rest of the world during the second half of the year, slowing the global economy and rolling back construction inflation in Europe, Asia, the Middle East and North America. In particular, the economic slowdown in China has taken away one of the main drivers of global construction inflation as China’s once voracious appetite for raw materials evaporates.

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Construction Industry, News Articles, Business Conditions & Analysis, Markets, Finance, Costs, Legislation, Government, Management, Labor, Construction Methods, Equipment & Materials, Engineering News-Record (ENR)

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