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The State of the Economy: Insights and Predictions with CBRE's Global Chief Economist
Manage episode 410634907 series 3555935
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Featuring the renowned CBRE Global Chief Economist/Head of Global Research Richard Barkham, this episode of Peaks & Portfolios: Presented by PEG Companies offers a panoramic view into the unexpected economic strength of 2023 and what it means for 2024. Barkham discusses the surprising GDP growth in the fourth quarter, fueled by government interventions and stimulus measures that mitigated a banking crisis and supported construction activity. These actions helped to dodge a potential economic downturn and provided a boost to the economy, demonstrating the resilient nature of the market. Looking ahead through 2024 and beyond, Barkham analyzes domestic migration and demographic trends across the United States and offers predictions around the economic outlook and upcoming opportunities for commercial real estate investors.
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