Ailing infrastructure should be a top priority: economist
Sep 14, 2012 | 09:23 AM
| Michael Cowden
SCHAUMBURG, Ill. The long-bedraggled U.S. construction sector might be showing signs of life, but more needs to be done about the nations crumbling infrastructure, according to one economist.
Residential and nonresidential construction fell steeply after the 2009 recession, but both sectors are now seeing limited recovery, Bernard M. Markstein, U.S. chief economist at Reed Construction Data Inc., Norcross, Ga., said.
"Looking forward, there is improvement, but nowhere near where we were before the recession," he said during a Sept. 11 presentation at the Metals Service Center Institutes Economic Summit Forecast 2013.....
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