Crisis comes at many levels: expert

The pandemic brought a completely different kind of crisis than the financial crisis of 2008-2012. People fear of an uncertain future and companies began to reduce the prices of their products

“We are currently dealing with a psychological crisis we have not known so far. Fear for health, ignorance regarding the duration of the collapse and stagnation, as well as financial problems of many private individuals and entrepreneurs means that we postpone purchasing and investment decisions to an unknown future. The construction industry faces the problem of withdrawing potential investors from business decisions and possible restrictions introduced by Polish and foreign governments,” Marek Sprengel, president of Awilux, producer of windows, claimes.

The construction industry is currently carrying out orders from February and early March, as well as earlier orders placed with deferred implementation.

“To my knowledge, many investments go without major problems, and construction sites try to take all precautions, including the dispersion of employees. On the timeline we are currently ahead of the upcoming worst 3-4 weeks, during which the number of orders will drop drastically and people will live in uncertainty trying to find the answer  –  how long will it take?” Sprengel adds.

(WBJ)