The global construction market has been taking its lumps over the past two years, and many large international firms are scrambling to maintain their size. However, as the slump grows in duration, a few things are becoming clear: The construction recession is not universal, some regions and market sectors are doing well, and many international firms are thriving.
The financial woes of the past two years pummeled the global construction market. The U.S. construction market remains in recession. Worrisome debt burdens of several European countries and the weakness of the euro have left many large international design firms struggling. However, many regions around the globe have provided bright spots for some large design firms.