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AIA Predicts Deeper Recession in 2010

A recent AIA survey predicted that non-residential construction spending will be down 20 percent at the end of the year and then gradually recover in 2011, . Though the overall economy has slowly been picking up, non-residential construction typically lags the progress of the general economy and employment growth in particular.  The AIA did forcast for a positive 2011, predicting a growth of just over three percent in non-residential construction.