stry’s recent difficulties, he replied, “I think we’ve been really resilient and have learned to trade our way through it.”
He continued by saying that the construction industry was seeing a “new norm” in terms of prices, and that it was taking customers some time to adjust.
March’s economic downturn “underscores its fragility,” according to KPMG economist Yael Selfin, despite falling energy costs, better supply conditions, and rising consumer confidence.
While a recession is unlikely at this point, increased borrowing rates have created vulnerabilities that will likely slow business and consumer activity this year.
