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DUBLIN--(BUSINESS WIRE)--The "Global Construction Outlook to 2024 (Q2 2020 Update)" report has been added to ResearchAndMarkets.com's offering. The global construction industry has been under intense stress in recent months amid the COVID-19 crisis and associated containments measures to prevent the continued spread of the virus. Even in countries where the construction industry has been permitted to continue, being exempt from restrictions on general business activity, there has still been widespread disruption and temporary shut downs of construction sites. Reflecting the severe impact on the industry, provisional data for some major markets in Europe reveal that construction output plummeted in April during the peak of the pandemic in the region, with Italy recording a 68% year-on-year drop, and France a 60% decline. Such unprecedented declines are expected in other markets that have seen construction work grind to a halt. the publisher's latest industry survey showed that in May 70% of all respondents globally agreed or strongly agreed that the COVID-19 outbreak had led to a halt in construction work respondents, while 88% agreed or strongly agreed that it had led to delays in the commencement of new projects. Under a positive scenario that a widespread second wave of infections is avoided, the publisher's latest forecasts show that the construction output globally will fall by 3.2% in 2020, with a much steeper downturn only being prevented because the construction industry in China, the original epicenter of the pandemic, appears to be recovering quickly. There is a mixed picture in other parts of Asia-Pacific, with India now expected to record a contraction of 7.5% owing to its extended lockdown period. While Europe is now moving to a recovery phase, with restrictions being eased and construction works resuming, the construction industry has suffered a severe downturn. There is high risk that in the US and most parts of Latin America, the COVID-19 crisis will be prolonged, given the continued rise in confirmed cases. Across the Middle East and Africa concerns persist over the wider fallout from the crisis and the damage caused to government finances from the weakness in oil prices and economic weakness This report provides a detailed analysis of the prospects for the global construction industry up to 2024, including an assessment of the impact of COVID-19. Scope Reasons to Buy Key Topics Covered: 1. GLOBAL OUTLOOK 2. REGIONAL OUTLOOK: US AND CANADA 2.1. Overview 2.2. Key Updates 3. REGIONAL OUTLOOK: LATIN AMERICA 3.1. Overview 3.2. Key Updates 4. REGIONAL OUTLOOK: WESTERN EUROPE 4.1. Overview 4.2. Key Updates 5. REGIONAL OUTLOOK: EASTERN EUROPE 5.1. Overview 5.2. Key Updates 6. REGIONAL OUTLOOK: SOUTH AND SOUTH-EAST ASIA 6.1. Overview 6.2. Key Updates 7. REGIONAL OUTLOOK: AUSTRALASIA 7.1. Overview 7.2. Key Updates 8. REGIONAL OUTLOOK: NORTH-EAST ASIA 8.1. Overview 8.2. Key Updates 9. REGIONAL OUTLOOK: MIDDLE EAST AND NORTH AFRICA 9.1. Overview 9.2. Key Updates 10. REGIONAL OUTLOOK: SUB-SAHARAN AFRICA 10.1. Overview 10.2. Key Updates 11. ABOUT THE PUBLISHER 11.1. The Publisher at a Glance 11.2. The Publisher's Construction 11.3. Disclaimer 11.4. Contact For more information about this report visit https://www.researchandmarkets.com/r/rhxyd4

Answer: Global Construction Industry Outlook to 2024 (Q2 2020 Update) - Impact Analysis of COVID-19 - ResearchAndMarkets.com