Strong economic growth will not return to the U.S. until 2014, forecasted Asieh Mansour, real estate economist and head of Americas Research for CBRE Inc.
Mansour was speaking at the 2012 CREW Network Convention & Marketplace that took place recently in Chicago.
Mansour said the United States is currently experiencing a weak economic recovery. She explained four conditions are causing, or will cause, a slow recovery domestically: upcoming fiscal austerity; deleveraging necessitated by the housing and credit bubbles; the poor U.S. job market; and the massive slowdown in the economy in China.
Read more...SPECIAL REPORT: Gangbuster U.S. Economy Not Expected Until 2014 | Multi-Housing News Online
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