Winter is upon us, but for the construction industry it is not a time to hibernate. Instead, migration to new markets and enhanced strategic focus are required. The past six months have provided the Irish construction industry with a snapshot of what may become the norm over the short-to-medium term. Although Irish economic growth accelerated for the third year in a row in 2006 (GNP increased 6.5, up from 4.9 in 2005), by the end of last year there were signals that some of the buoyancy had started to seep out. This was, in part, the result of hikes in European Central Bank interest rates and develorpments in the housing market.
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