Welcome back to our dedicated readers and new subscribers to another edition of The Chief Economist. I'm Ryan Severino, CFA and very happy to be back in the saddle to share an economic update for the UK. Let's get right to it!
This weekly comes to you from the other side of the Atlantic and provides an opportunity to get a bit of a broader international context than our usual weekly, especially in light of some key data released last week. With recent looks at GDP, spending, and inflation, the picture for this year is coming into clearer focus and is providing an interesting contrast to the outlook for Europe. What do those projections look like and what do they mean for commercial real estate (CRE) markets?