2020 will be remembered as a year of extremes, from GDP’S unprecedented 31.4% drop in Q2 to its remarkable 33.1% growth in Q3.
While continued recovery depends on a medical solution to COVID-19 and on additional government stimulus, GDP is expected to end 2020 down by only 4.0%, followed by a 4.5% rebound in 2021. For more details on which sectors may continue to thrive and which may experience a lag in recovery, explore the full report.
The Weekly Take - A Little Help from My Friends: Stimulus, Vaccines and the 2021 Economic Outlook
With all eyes riveted on the U.S. election results, Richard Barkham, Global Chief Economist for CBRE, joins Spencer to discuss what the election and the prospects for a vaccine mean for the economy and commercial real estate in 2021.
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