The impact of COVID-19 in the construction sector and its remedial measures

Abstract

Corona virus (COVID-19) outbreaks have severely disrupted the economy, with devastating effects on global trade and it has simultaneously affected households, businesses, financial institution, industrial establishments and infrastructure companies. The economic crisis caused by the virus has hit many more organizations around the world. Similarly, construction and engineering projects around the world have been jeopardize in various way by the COVID-19 pandemic and many projects have closed. As a result, there has been a financial recession in the construction industry in almost all countries and has created unemployment. All in all, this situation has caused great concern, uncertainty and unrest in the construction industry. This paper observes in several countries and describes the global impact of the Corona virus on the construction industry. This paper also explains how it is possible to continue construction work in this situation. If construction work continues, the economic downturn will be reduced and unemployment will be reduced.