scholarly journals IMPACT OF THE PRESENT DAY ECONOMIC RECESSION IN THE CONSTRUCTION INDUSTRY

2019 ◽  
Vol 1 (9) ◽  
Author(s):  
VENKATESH M.P ◽  
THILLAI NATARAJAN V V
Keyword(s):  
Construction Industry ◽  
Economic Recession

scholarly journals GLOBAL ECONOMIC RECESSION: CAUSES AND EFFECTS ON NIGERIA BUILDING CONSTRUCTION INDUSTRY

2018 ◽  
Vol 9 (1) ◽  
pp. 9-18
Author(s):  
Olanrewaju O. I. ◽  
Idiake J.E. ◽  
Oyewobi L.O. ◽  
Akanmu W. P
Keyword(s):  
Construction Industry ◽  
Economic Recession ◽  
Building Construction

scholarly journals Responding to the pandemic, can building homes rebuild Australia?

2020 ◽  
Author(s):  
Steven Rowley ◽  
Adam Crowe ◽  
Catherine Gilbert ◽  
Marko Kruger ◽  
Chris Leishman ◽  
...  
Keyword(s):  
Construction Industry ◽  
Economic Recession ◽  
Australian Economy ◽  
Economic Stimulus ◽  
Housing Industry

With the construction industry long being held up as an ideal mechanism for delivering economic stimulus in periods of economic recession and stagnation, this research assesses how the housing industry can help rebuild the Australian economy both during and after the COVID-19 pandemic.

scholarly journals A strategy to overcome the effect of economic recession on construction industry in Oman

2020 ◽  
Author(s):  
Yahya Khalfan Al-Tobi ◽  
Ram Kishore Manchiryal
Keyword(s):  
Construction Industry ◽  
National Income ◽  
Economic Recession ◽  
Management Style ◽  
Sultanate Of Oman ◽  
Suggested Strategy ◽  
Great Pressure ◽  
The Government ◽  
Financial Fluctuations ◽  
The Impact

Construction industry firms are affected by the financial fluctuations in the local and international markets. World countries have been exposed to many financial recessions such as the 2008 recession and the sharp decline in oil prices since 2014, which caused a major financial recession in countries that depend heavily on oil income in their economy like the Sultanate of Oman, where they constitute 70% of the national income. The research objective is to review previous literature review of some countries that have been exposed to economic recessions and how did these countries acclimatization to the recession. It will also focus on the strategies that followed by these countries to get out from the recession. Then, the research will identify the effects of the recession in the construction industry and the impact of it to the contractor in the Sultanate of Oman. Finally, a strategy will be suggested for the construction industry firm to use it through the economic recession to survive. The research methodology relies mainly on information provided by the Government of Oman through the National Center for Statistics and Information and through interviews with various construction specialists. The results show that most of the construction industry firms have been subjected to a great pressure due to the economic recession. The suggested strategy includes a procedure that assists construction firms to reduce expenses, how to bid and get new projects and create a new management style for the firm to cope with the developments and the volatility of the financial market.

scholarly journals Investigating the Effects of Economic Crisis on Construction Projects in Iraq

2021 ◽  
Vol 318 ◽  
pp. 02005
Author(s):  
Ghasaq A. Fadhil ◽  
Abbas M. Burhan
Keyword(s):  
Financial Crisis ◽  
Construction Industry ◽  
Economic Crisis ◽  
Construction Projects ◽  
Economic Recession ◽  
Complex Activity ◽  
Unexpected Events ◽  
Construction Companies ◽  
The Impact ◽  
Very High

Construction is a complex activity performed in an almost uncontrolled environment. Although, in theory, projects can be well planned in advance, there is a possibility that unexpected events and crises will disrupt these plans, which will affect the progress of projects. Construction companies can be easily affected by crises because the initial investment costs are very high in construction projects, which may lead to huge financial damages. One of the most prominent crises that Iraq faced was the financial crisis in 2014, which had a significant impact on various activities and the construction industry. This research aims to explore the most important causes of the economic crises in Iraq in general, investigate the impact of this crisis on the construction industry in Iraq particularly, explore the most important factors that contributed to the aggravation of the crisis in this area. Finally, explore the most important strategies adopted by higher authorities and construction companies during the economic recession that followed the crisis to mitigate its impact. One hundred fifty-one closed questionnaires were distributed for this purpose. The results showed that financial and administrative corruption is one of the most important causes of crises with (RII) 0.93. Also, 82% of the respondents answered that the projects had increased their duration significantly so that it was difficult to set a date for their completion due to the insolvency or inability of the Iraqi state to pay the financial dues to the contractors. This insolvency negatively impacted the construction industry during the crisis with RII (0.832).

US Construction Industry Managerial Strategies for Economic Recession and Recovery: A Delphi Study

2021 ◽  
Vol 147 (11) ◽  
pp. 04021146
Author(s):  
Manideep Tummalapudi ◽  
John Killingsworth ◽  
Christofer Harper ◽  
Mohammed Mehaney
Keyword(s):  
Construction Industry ◽  
Delphi Study ◽  
Economic Recession ◽  
Managerial Strategies

Addressing Health And Safety Concerns For Tradeswomen In The Construction Industry

2017 ◽  
Author(s):  
Hannah M. Curtis ◽  
Hendrika Meischke ◽  
Nancy Simcox ◽  
Sarah Laslett ◽  
Noah Seixas
Keyword(s):  
Construction Industry ◽  
Health And Safety ◽  
Safety Concerns

The impact of economic crisis on mental and physical health in Italy

2017 ◽  
Vol 14 (02) ◽  
pp. 103-110
Author(s):  
S. Tomassi ◽  
M. Ruggeri
Keyword(s):  
Mental Health ◽  
Physical Health ◽  
Economic Crisis ◽  
Social Determinants ◽  
Great Recession ◽  
Economic Recession ◽  
Behavioural Disorders ◽  
Economic Activities ◽  
The Impact ◽  
Mental And Physical Health

Summary Background: The global crisis that began in 2007 has been the most prolonged economic recession since 1929. It has caused worldwide tangible costs in terms of cuts in employment and income, which have been widely recognised also as major social determinants of mental health (1, 2). The so-called “Great Recession” has disproportionately affected the most vulnerable part of society of the whole Eurozone (3). Across Europe, an increase in suicides and deaths rates due to mental and behavioural disorders was reported among those who lost their jobs, houses and economic activities as a consequence of the crisis.

Sign in / Sign up

Export Citation Format

Share Document