Spending cuts delay recovery by 12 months

摘要

Savage cuts to government spending on roads and social housing will delay the recovery in the construction industry by a year, according to economic analysis. Revised forecasts from the Construction Products Association this week said the industry would not return to growth until 2013. The CPA's previous forecast, released in September before the government's Comprehensive Spending Review in October, predicted the industry would start growing again in 2012.