Scott Savastano – Capital Markets – The global supply chain was rocked in January when China disclosed the Coronavirus Pandemic to the world. In February, we saw the first effects of …
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Overall, the commercial real estate market did well in 2019 and depending on what market you were in, it did very well.
American importers pay a significant portion of the increase and US consumers pay the remainder due to the increase on goods manufactured in China. However, China’s economy is slowing, with consumers holding back and infrastructure spending slowing sharply. This slowdown is expected to worsen as America’s tariffs ramp up. On the other hand, the United States has continued to experience vigorous economic growth, including the lowest unemployment rate since 2000.