Global economic outlook: risks, opportunities and commercial real estate

Our outlook for the US economy has improved materially, as unique post-pandemic economic dynamics appear to be making a soft-landing scenario more plausible. The labor market is gently cooling, with the unemployment rate still sitting near all-time lows while inflation has rapidly declined.

Still, downside risk remains, especially in the commercial real estate sector, where higher interest rates and changes in how people live, work and shop continue to weigh.

More than ever, business executives must display resilience, dynamism and agility to navigate the global economic backdrop.

Our panelists will discuss:

• The US and global economic outlook for 2024 and beyond
• Commercial real estate risks and opportunities
• Inflation and monetary policy
• Labor market developments
• Credit conditions, cost of capital and productivity

Learning outcomes

• Recognize current factors affecting the global economy and outlook.
• Identify likely future scenarios for inflation, growth, interest rates and geopolitical developments.
• Determine how to build resilience into your business based on macroeconomic factors.

Panelists

• Rebecca Rockey, Deputy Chief Economist and Global Head of Forecasting, Cushman & Wakefield 
• Gregory Daco, EY-Parthenon Chief Economist, Ernst & Young LLP

Moderator

• Mark Grinis, EY Americas Real Estate, Hospitality & Construction Leader, Ernst & Young LLP