Trade economist: Stimulus is overshadowed by weak demand

02/10/2010 | Journal of Commerce (Canada)

Construction spending slid by $100 billion in December to a six-year low of $903 billion, according to trade group data. "The impact of the stimulus is clearly being overshadowed by the sweeping downturn in overall construction demand," said Ken Simonson, chief economist of the Associated General Contractors of America. "Without those public investments however, a bad employment situation will only get worse during 2010."

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