The Chief Economist: 4Q 2024 Global Economic Outlook

The 4Q 2024 Global Economic Outlook highlights resilient global growth, declining inflation, and falling interest rates, painting a positive picture for the commercial real estate (CRE) market. Despite regional challenges in Europe, China, and Canada, overall growth remains stable, with emerging economies outperforming developed ones. Central banks have begun easing monetary policies, and as inflation continues to decrease, the economic environment is expected to support a favorable CRE outlook moving into 2025.

Risks to the global economy remain, including geopolitical tensions, labor unrest, and unpredictable weather. However, absent any significant shocks, the global economy is positioned to remain stable, with economic conditions favoring both the space and capital markets in the CRE sector. This outlook offers opportunities for strong real estate returns, making 2024-2025 a potentially pivotal period for global CRE investments. Read more