AGC Evaluates Economic Impact On Construction Industry<br>As A Result Of Terrorist Attacks
While the attacks on the World Trade Center and the Pentagon have had an unprecedented impact on the U.S. economy, the implications for the construction industry could be just as dramatic, according to information recently compiled by the Associated General Contractors of America (AGC).
"Overall, construction is likely to decline from its recent peaks as the economy absorbs the shock from these attacks. But the industry will lead the recovery in the hardest-hit regions by providing the recovery and rebuilding that is needed. In addition, high-paying construction jobs will pump money into local economies wherever government and private employers invest in making facilities more secure or in building backup capacity for critical functions," said AGC Chief Economist Ken Simonson.