All the signs are that we are on the edge of a downturn - although we do not yet know how severe it will be State of the industry RESEARCH BY GLENIGAN.
At first sight, the figures for August suggest that we are galloping into recession, but in fact comparison with the figures for August 1997 suggest that the main component is a simple seasonal downturn. The jury is still out, however, on whether we are at the start of a recession. Ominously, the phrase, 'We mustn't talk ourselves into a recession,' is being heard again - last used at the start of the late 1980s downturn which proved that talking had little power one way or the other ...
Subscribe to the AJ from £3 per week
For less than the cost of a pint you can have the magazine, iPad edition, full access to TheAJ.co.uk and the amazing AJBuildingsLibrary.co.uk. Subscribe now and experience architecture from a British perspective. The AJ - it's your journal.
Architects' Journal Subscribers:
If you are an AJ subscriber please sign in with your email address and click submit:
Not an AJ subscriber?
Subscribe today for immediate access at a special introductory rate
Need help? Call 0844 848 8859 and our customer service team will be happy to assist.
Access over 100 years of projects
