Closing of the sites all over the world is increasing at a drastic rate due to the Coronavirus epidemic. Concerning the health of workers and the crisis of materials; contractor unions of many countries have decided to shut the sites quickly and safely.
Coronavirus has already affected 195+ countries and territories. It has mainly affected countries like China, Italy, US, UK, Spain etc. These countries are the leading countries in the construction sector. So, closing down of construction sites temporary is also affecting the construction sector badly making huge losses.
Despite losses and other problems; many construction companies and contractors have supported the government of their respective countries to fight against coronavirus.
Mainly construction industries of the US, UK and China are affected worst causing the loss of billions of dollars every day. This is directly affecting the economy of these countries.