By Don McLoud – Equipment World by FUSABLE
The chief economist for Associated Builders and Contractors forecasts no recession for the U.S. economy for the rest of 2025, but he says the risk of one has risen.
And there are signs the economy and the construction industry are softening, reported Anirban Basu on October 8 during Construction Executive’s 2025 Q3 Construction Economic Update and Forecast.
He predicts a return of inflation, interest rates remaining higher for longer, U.S. middle-class and lower middle-class residents facing worsening financial circumstances because of higher tariffs and prices, and the risk of a falling stock market.