A Cushman & Wakefield Research Publication - 2017 Global Forecast

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THE ECONOMIC RECOVERY IN THE EUROZONE CONTINUES TO GAIN MOMENTUM AS POLITICAL RISK RECEDES FOLLOWING THE FRENCH PRESIDENTIAL ELECTION

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NO PLAN TO INCREASE INTEREST RATES BEFORE ADJUSTING THE PACE OF ASSET PURCHASES, WHICH COULD BEGIN TAPERING AS EARLY AS Q4 THIS YEAR

THE MAIN IMPACT FROM BREXIT TO DATE HAS BEEN THE 10% DEPRECIATION IN STERLING WHICH IS HELPING TO IMPROVE THE COMPETITIVENESS OF UK EXPORTERS RELATIVE TO THEIR EUROPEAN COUNTERPARTS

HIGHER INFLATION IS EATING INTO REAL WAGES IN THE UK WHICH ARE NOW FALLING FOR THE FIRST TIME SINCE 2014

THE COMBINATION OF LOW DEVELOPMENT AND MODERATE DEMAND HAS LED TO AN UNPRECEDENTED 7-YEAR PERIOD OF POSITIVE AND STABLE, YET MODEST, RENTAL GROWTH

OFFICE COMPLETIONS HAVE BEEN GRADUALLY INCREASING YEAR BY YEAR SINCE 2013 AND ARE SET TO MOVE ABOVE THE 10-YEAR AVERAGE IN 2017 AND 2018

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