If you were precasting in 1992, you might see some parallels between that time nearly 20 […]
There is still no definitive timeline for when a full-fledged economic recovery will occur. To take advantage of the recovery, precasters need to emerge from this recession leaner, meaner and strong enough to handle the increased demand.
The National Bureau of Economic Research on Sept. 20 declared that the Great Recession was officially over. In fact, they went so far as to tell us that the recession ended in June 2009. That may be the official word, but based on many conversations I’ve had recently with precasters across the United States, the effects of the two-year decline are still very much with us.
The precast concrete industry needs to prepare for a new economy as we slowly emerge from the Great Recession.
I’m reminded of that internal crisis when looking at the latest stream of economic data, which increasingly shows the economy going nowhere. Each piece of good news is followed by a snippet of bad news, which is followed by raft of conflicting speculation from economists. Where’s that lovely construction economy from 2006? Is it gone forever?
By Ty Gable. If you’re in precast and you have found a way to weather this deep trough of the last few years, you’ve likely learned a few things along the way.