{"id":1004211603,"date":"2009-01-14T00:00:00","date_gmt":"2009-01-14T08:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/cpe-uncategorized\/economy-government-stimulus-to-boost-economy-recovery-remains-unclear\/1004211603.html"},"modified":"2022-12-08T03:23:31","modified_gmt":"2022-12-08T11:23:31","slug":"economy-government-stimulus-to-boost-economy-recovery-remains-unclear","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-government-stimulus-to-boost-economy-recovery-remains-unclear\/","title":{"rendered":"Economy: Government Stimulus to Boost Economy; Recovery Remains Unclear"},"content":{"rendered":"<p><img decoding=\"async\" align=\"right\" class=\"photo \" src=\"https:\/\/www.commercialpropertynews.com\/cpn\/photos\/stylus\/67859-Hassam_Nadji_cptn.JPG\" \/><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><strong><span style=\"font-family: Times New Roman\"><br \/> <\/span><\/strong><span style=\"font-family: Arial\"><span>The resiliency demonstrated by the U.S. economy through the first half of 2008, particularly below-trend job losses, turned into a serious recession as the downturn escalated into a global financial crisis. Elevated job reductions are likely to dominate headlines for several months, with total losses considerably higher than during the dot-com bust and 9\/11 tragedies. Similar to other periods of shock, concerns regarding additional risk \u2014 from falling consumption to the uncertain impact of the auto industry troubles \u2014 dominate the general economic psyche.<\/span><\/span>\n<\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;font-family: Arial\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;font-family: Arial\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;font-family: Arial\">Clearly, there are reasons for concern; however, a number of factors should also be considered that could mitigate the depth of the recession, barring exceptional surprises. Domestic payrolls entered the downturn lean, having grown at the slowest rate of any expansion period since 1954. Government intervention, while choppy and uncertain in some respects, has become unprecedented in the United States and abroad and will likely be expanded with another sizable stimulus package this year. Confidence is yet to be restored, and the financial system is a long way from operating normally, but early signs point to a gradual improvement. Significant residential foreclosures and high for-sale inventories have driven home prices down by an average of 18 percent nationally and as much as 35 percent in some markets, sparking a modest rise in sales activity. A bottoming of the housing sector by midyear, as expected in most metro areas, and improving credit markets should begin to stabilize the economy and set the stage for a recovery beginning in 2010. <\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;font-family: Arial\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;font-family: Arial\"><em><br \/><\/em><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;font-family: Arial\"><em>Hessam Nadji is Managing Director of Research Services for Marcus &amp; Millichap Real Estate Investment Services Inc. <\/em><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;font-family: Arial\">&#160;<\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;text-align: center;font-family: Arial\"><a href=\"https:\/\/www.marcusmillichap.com\/\">www.MarcusMillichap.com<\/a><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;text-align: center;font-family: Arial\"><strong><\/strong><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt;text-align: center\"><em><span><span style=\"font-family: Times New Roman\"><span style=\"font-family: Arial\">For more information, please contact&#160;Hessam Nadji at (925) 953-1700 or hnadji@marcusmillichap.com.<\/span><\/span><\/span><\/em><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The resiliency demonstrated by the U.S. economy through the first half of 2008, particularly below-trend job losses, turned into a serious recession as the downturn escalated into a global financial crisis. Elevated job reductions are likely to dominate headlines for several months, with total losses considerably higher than during the dot-com bust and 9\/11 tragedies.&hellip;<\/p>\n","protected":false},"author":1330,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004211603","post","type-post","status-publish","format-standard","hentry","category-cpe-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economy: Government Stimulus to Boost Economy; Recovery Remains Unclear - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-government-stimulus-to-boost-economy-recovery-remains-unclear\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy: Government Stimulus to Boost Economy; Recovery Remains Unclear\" \/>\n<meta property=\"og:description\" content=\"The resiliency demonstrated by the U.S. economy through the first half of 2008, particularly below-trend job losses, turned into a serious recession as the downturn escalated into a global financial crisis. 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