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Slowing economy deals blow to confidence of London practices

By 2022-04-22T06:00:00

ukraine shelling

Rising inflation and Ukraine war blamed as RIBA index shows 18 point fall for practices in the capital

Slowing economic growth caused by rising inflation and the impact of Russia’s invasion of Ukraine has dealt a blow to the confidence of practices in London, according to the latest RIBA Future Trends survey.

Studios in the capital saw their expectations for future workloads drop by an index figure of 18 points in March, just a month after reporting the highest confidence levels since the onset of the pandemic.

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