COMMENT: Are we at the beginning of a golden decade in German construction?

Despite the Coronavirus pandemic, the construction industry’s order books are still full. The biggest challenges at the moment are the lack of building materials and the lack of qualified employees.

However, according to the economic outlook of the Ifo Institute, optimism about the future in the construction industry is waning. This indicates a deterioration in economic development rather than a golden decade. Against this background, it seems risky to speak of another decade of growth. And yet I am not afraid to make this bold forecast for the future.