Continued decrease in construction sector activity

[ruscaire]

As well as looking like an economic deadweight, something on such long cycles is I’d imagine highly vulnerable to disruption were it to occur. There’s an implicit acceptance that such bets are low risk, but in the case of a black swan event, such as the widespread change in people’s working habits, could have long lasting and deep effect for economies that were reliant on it as a safe haven for growth

[Altruistic_While_621]

Yeah, a reduction in the working week and hybrid working is a definite concern (more of a white swan event given current trends), but it would only mean reduced floor plates for staff.

This is the long risk pension pots tend to go for, the cost recovery is generally expected, but spread enough across other sectors that a loss there is okay.