A slowdown in economic growth globally isn’t breaking the stride of the US economy or commercial real estate, the National Association of Realtors said Monday, predicting that the momentum will carry forth into the new year. However, NAR’s quarterly forecast hints at a potential drag on US growth as overseas markets weaken.
“GDP growth in the fourth quarter will be sluggish at around 2% behind stalling exports,” says Lawrence Yun, NAR’s chief economist. “Although GDP will likely climb to near 3% in 2015, the current pace of job growth could slow and ultimately impact commercial real estate activity if sluggishness in the global economy persists.”
Read more...Global Slump Could Reach US in 2015 - Daily News Article - GlobeSt.com
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