Global financial crisis negatively affects both developed and developing economies, and therefore, impacts the operations of several manufacturing and supply industries. A typical example of such industries is the construction sector. Globally it is believed the construction industry contributes to gross domestic product of almost all economies. For that reason, a downturn in construction activities affects the growth of a state or country's economy, resulting in general hardships and unemployment in the sector. This paper briefly reviews the severally experienced financial crisis around the world with a specific emphasis on the impact on construction industries and in the United States of America. The review concludes that almost all economic crisis has evolved with characteristics like each other and trends have followed similar patterns as well as the impact on the construction industry.
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