Uncertainty in Europe

摘要

The levels of uncertainty | currently surrounding the European construction market were highlighted at the 82nd Euroconstruct conference, with Brexit (the UK's decision to leave the European Union), the election of Donald Trump as President of the US, and upcoming elections in France, Germany and the Netherlands all cited as causes. The conference was hosted by ITeC (Institut de Tecnologia de la Construccio de Catalunya), in Barcelona, Spain. In reviewing the macroeconomic environment, Sergi Martrat, deputy chief economist at Banco Sabadell, told the conference that GDP (gross domestic product) growth globally in the period from 2017 to 2020 would be lower in most countries than from 1990 to 2007. He predicted a slowdown of international trade.