12 Mid-May Economic Nuggets With an Emphasis on Mega Projects
May 18, 2018 by Alex Carrick, Chief Economist at ConstructConnect
Article source: ConstructConnect
t’s been a busy four-weeks-plus on the news front since the writing of the previous mid-month Nuggets report. A surfeit of headline stories has included: a volcano erupting in Hawaii; an on-again off-again bromance between President Trump and Kim Jung Un of North Korea; the relocation of America’s embassy in Israel to Jerusalem; feverish preparations for a royal wedding ‘across the pond’; U.S. withdrawal from the deal designed to limit Iran’s nuclear weapons capability; a drip-drip of revelations concerning Washington influence-peddling dished out by Michael Avenatti, the lawyer for Stormy Daniels; and violence in the Gaza Strip.
Shunted aside by other attention-grabbing matters, the economy seems to have taken a back seat for a while. But the spotlight never stays away for long and there are the following observations that arise from the latest press and data releases issued by government and private sector entities.