Economy Watch Weekly: IMF Raises US Economic Growth Forecast
The IMF now expects global economic growth to reach 3.5 percent in 2017, predicting the U.S. will lead the pack with 2.3 percent growth. But how long will this momentum last and what is the impact on commercial real estate? Economy Editor Dees Stribling tackles these questions and more.
The IMF recently upgraded its 2017 outlook for global economic growth to 3.5 percent and 3.6 percent in 2018. While the IMF predicts U.S growth to be below the world average, it would still be ahead of the rest of developed world at 2.3 percent. But will this momentum be sustained? Economy Editor Dees Stribling discusses the threats to this forecast and how they could impact commercial real estate, for the week ending April 21, 2017.