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United States

Report | 1Q 2018 Economic Outlook for May 9, 2018


Unlike previous first quarters during this economic expansion, the first quarter of 2018 was an anomaly. It exceeded growth expectations and has caused us to revise our growth projections for the remainder of the year. All that bodes well for commercial real estate, where transaction volumes also came in higher than expected. But watch for labor scarcity to continue to present challenges to growth creation and that, in turn, will fuel inflation putting the brakes on fundamentals and capital markets.


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