These are challenging economic times – and at this point, no one is fully certain how the EU and US sovereign debt crises will play out. However, there is a sense of constrained optimism as we anticipate the global economy to strengthen during the second half of 2012.
While Europe remains the major concern on everyone’s mind, with sovereign credit ratings cut not only in indebted fringe countries but in some core markets as well, the European Central Bank and International Monetary Fund are arduously working on solutions. In this difficult and complex scenario, we remain reasonably optimistic that more opportunities for growth in Europe will emerge during the second half of 2012.
Source : Cushman & Wakefield