2009 US real estate investment outlook and market perspective [electronic resource]
Language: English Series: RREEF Research ; (68) February 2009Publication details: San Francisco RREEF Research 2009Subject(s): LOC classification:- 333.33 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 147001-2001 |
Suggests that the US economy is in a very difficult situation and predicts that it will deteriorate further in 2009. Forecasts economic output to fall for at least four consecutive quarters and annual GDP to reduce further in 2009 than in any year since 1946. Predicts that the recession will probably last a minimum of six quarters, the longest since World War 2. Indicates that economic recovery is dependent on the housing and financial markets stabilising, which is expected to happen later in 2009.