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In recent months, the debate around how far the U.S. economy will fall off the “fiscal cliff” has gathered momentum. In this paper, we assess the most likely scenario for U.S. economic growth and the public finances, as well as the likelihood and severity of the downside risk. We then translate these findings into the implications for real estate in terms of where the U.S. as a whole stands relative to the other major developed real estate markets.
Source : CBRE Global Investors
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