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Currently my company is an extreme holding position with a few furloughs for an undetermined amount of time, but they seem to think that it will be business as usual in a few months. The general consensus of my coworkers is that there will be in a "V-shaped recession", meeting the economy will go quickly down as it does up once restrictions are removed.
Personally though that doesn't quite sit well with how I suspect things are going to trend. Currently project owners are losing quite a bit of liquid assets while a decent amount of construction sites in the United States are on pause. This means that best case schedule will be pushed back and at worst likely bankruptcy; either way there's going to be less capital in the market available for ongoing projects the next few years is my prediction.
What are your guys' thoughts? Do you think it'll be like this never happened in a few months or do you think it might be slim pickings for a while after this?
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- 4 years ago
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