Column: Stimulus could have negative impact on GDP until later this year

02/26/2009 | Reed Construction Data

The stimulus plan could actually decrease business confidence and construction spending until later this year, writes Reed Construction Data's chief economist, Jim Haughey. He notes that the construction industry awaits funding from the plan, but the financial market is concerned that it will cause the value of mortgage assets to continue to decline. "Today, we assess the impact of the Obama economic plan on GDP and construction spending as negative until a significant amount of money is being spent and then positive during the period of peak spending later this year and in 2010," he writes.

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