As we enter the home stretch for 2013, indicators of business and consumer sentiment reflect growing optimism that 2014 will be a better year than 2013 in every region. In Europe, the transition from recession to recovery continues with mixed results depending on the country. In the Asia/Pacific region both Japan and China continue to […]
This week the economic update focuses on the emerging recovery in Europe. Economic data released this week points to growth in Europe in the second half of 2013, a positive development for the global economy. There are still risks, but we remain cautiously optimistic that the global economy will continue to transition to stronger growth later this year and in 2014.
I was recently in Guangzhou, China for the Samsung Securities 2010 Retail Property Conference. I came away, as many of the participants in the event, awed by this Tier 1 city’s transformation in preparation for the 2010 Asian Games. Construction was pervasive with both commercial and residential projects sprouting in every part of the city. […]