Recession putting the dampers on job progression?

[torqueofthedevil]

Has anyone else got the feeling that the economy is hampering their progression? I'm mid 20's working as a manager for a large construction company. Traditionally in this industry most people tended to change employers to move up the ladder, going for a better role / more money. Now nobody dares to do that so not only will I not benefit from that, none of the older guys are moving on so not opening up any opportunities internally.

Less projects so plenty of staff to fill spaces before me. Less successful projects too so hardly look like we are performing well too!

Do other people see this. I'm just trying to do some courses etc to get ahead.