Economic Insights: Expectations Met | Research | JLL
Economic growth for the fourth quarter fell slightly below our expectations, but growth for 2018 matched our forecast. Consumption drove the economy last year, but investment accelerated in the fourth quarter, a potentially hopeful sign for the future. The labor market continued to gain strength throughout the year, driving wages higher despite continued job growth and open positions reaching a record high at year’s end. We expect the economy to slow in 2019, but remain healthy, with growth above capacity. Against that backdrop CRE should continue to perform well, but increasingly it appears as if we are past the peak of the cycle.