Our latest European Commercial Real Estate 360 report has just been released, covering the economic outlook and real estate position across Europe. 

This instalment of the report has found that:

• Global economic growth slowed in 2023 as high inflation, high interest rates, tight fiscal policy and global conflicts weighed on activity.
• The slowdown was concentrated in Europe, while other major economies saw stronger growth.
• However, the balance is shifting. The Euro Area and UK are forecast to see a gradual recovery in economic growth over the next couple of years. By contrast, growth in China, India, Japan and the US is set to slow.
• Risks of a US recession have risen in recent months, although we continue to expect a soft landing. Meanwhile, new policy measures have been announced in China to boost economic growth.
• Overall, our forecasts are consistent with global economic growth averaging just under 3% p.a. over the next couple of years.

To find out more about the first signs of growth in the European commercial real estate market, download the full report.