U.S. Macro Outlook Q3 2017

by James Lane | Nov 15, 2017

U.S. Macro Outlook, Q3 2017

Economic assumptions for our baseline and alternative scenario forecasts

The economy remains on the path discussed last quarter; little has changed in our macro outlook since Q1. Real economic activity has been tracking at the same pace as last year, despite stronger business and consumer sentiment since Donald Trump’s inauguration.

President Trump’s policy agenda remains unclear and his ability to foster the passage of his proposals is diminishing as Congress focuses on other matters. Tax reform of some kind is likely, though it will probably be minor; its details will determine whether it is net positive or negative for commercial real estate. 

The U.S. real estate investment environment remains attractive, with strong fundamentals and limited risk. 

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