Link: COMMERCIAL REAL ESTATE TRENDS & OUTLOOK
April 2020 Report (Credit National Association of Realtors)
“Economic outlook. We expect the second quarter GDP growth to be the steepest decline in the U.S. history – likely in excess of 15% contraction on an annualized basis. What will be critical is the recovery in the second half of the year. Is it going to be sharp and quick rebound of a Vshaped or a sluggish recovery of staying low for a period before a recovery of a U-shaped?
That will depend on the economy’s response to the stimulus measures and the path of virus containment. The best guess is for the second half GDP growth to be insufficient to compensate for the loss in the second quarter. Therefore, we expect GDP to have contracted around 3% to 5% for the year as a whole and net job losses totaling around 3 to 5 million.”
eVenture Commercial 