Introduction A situation in which the economy of a country a sudden downturn brought on by a financial crisis. An economy facing an economic crisis will most likely experience a falling GDP,a drying up of liquidity and rising/falling prices due to inflation/deflation

Economic crisis Its mean an economic recession is primarily attributed to the actions taken control the money supply in an economy Inflation is the increse in the prices of goods and services over the period.

Factors for Financial Crisis Sub-prime lending Originate and distribute model Financial engineering, derivatives Credit rating agencies Lax regulation Large global imbalances

Effect for construction industry Contrctor not interest to invest the large money in the construction industry Credit conditions are tightening and obtaining credit insurance is increasingly difficult Construction companies face financing difficulties and, in some extreme cases, even bankruptcy. The contraction in the new housebuilding segment is continuing and even deepening.

Contin.... The non-residential market is influenced by the business climate, In general, civil engineering works have fallen back compared to previous year although it helped to sustain construction activity in many countries.

How to face economic crisis by construction industry Government decrease the taxes on the construction firms and will give the more benifits Handle limit project Try to control inflation, interest rate and unemployment Find new oppurtunatity to produce product and sell in a new market Manage the team with the contractor Use the new techniques

Conclution In order to effectively solve the current eeconomic crisis sufficient control over inflation, interest rate and unemployment is vital Try to find new oppurtanities to produce new product or try expand the market Try to reduce imports from other countries Motivating the construction wor ks by given loan at lower interest rate Reducing the staffs turnover by giving a higher salary

THANK YOU