The global economic backdrop of 2023 continued to battle low growth coupled with high inflation; however, by many accounts, growth was better than expected and inf lation is coming down throughout most of the world1. Global GDP growth has been estimated at 2.9% for 2023, easing to 2.7% in 2024, with Asia being a key driving force behind growth.
Geopolitical tensions remain one of the most dangerous threats to the ecosystem, with key factors stemming from Russia’s war on Ukraine, the Israel–Hamas war, US trade conflicts and the ongoing fallout and impact of the COVID-19 Pandemic.
The global real estate market is forecast to reach a value of US$637.80tn in 2024, with the US real estate market forecast to hit US$119.80tn.
To continue reading, download the NAI Global Market Facts & Trends 2024 report below.
https://ucrproperties.com/wp-content/uploads/2024/04/NAi-Global-Market-Facts-and-Trends-2024-1.pdf
