Is boom in skyscraper construction in India really a sign of impending recession?
Andrew Lawrence sees impending trouble in the mushrooming skyscrapers of China and India. The man who coined the term "skyscraper index" in 1999, heads Asia regional property sector research at Barclays Capital. In a report released this week, Lawrence points out that India and China are in the midst of a skyscraper construction boom of sorts and that he argues bodes ill for the economies of these fast-growing countries.
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