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CBRE: Global Recovery Hits Stride; Full Rebound Years Away
The global economic recovery has begun to hit its stride in most regions, and strong gains are forecast for investment in sectors including industrial & logistics and multifamily according to CBRE’s 2021 Global Midyear Market Outlook.
COVID-19 variants, rising global debt and the possibility of sustained high inflation are the key risks to the economy and commercial real estate over the next 12 months. Still, CBRE forecasts that the economic momentum from pent up-demand, government stimulus and reopening will eclipse those factors.
“The global recovery is well underway, but it will take several years for some sectors to approach or return to their pre-crisis levels,” said Richard Barkham, CBRE’s global chief economist and head of Americas research. “Concerns about inflation likely will cause some market volatility, but we anticipate that central banks won’t need to raise interest rates in the next 12 months.”
- ◦Economy
