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Brazil : Office Snapshot - Q3 2013

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Brazil : Office Snapshot - Q3 2013

In a third quarter marked by tough economic decisions, the United States continued to bet on the intervention of the Federal Reserve (FED) to gradually phase out the incentives in the search of a more sustainable economy. As recovery efforts are made, however, it is necessary first to boost all sectors of the economy and attain more solid levels. Furthermore, the budget and debt ceiling deadlock may continue until next year, with the potential for undesirable results such as the decrease of consumption, the review of hiring plans for companies and the weakening of real estate activities. As far as the Euro Zone is concerned, uneven growth in the region (Germany showed a positive GDP growth of 0.4% whereas France retreated -0.1%, according to data from Eurostat) is still not sufficient to ensure a sustainable recovery. Despite the still incipient recovery in Europe, investor interest for real estate assets has grown, with a notable increase in transaction volume. China’s economy grew as expected in the third quarter, notwithstanding a drop in exports. However, China’s slower growth continues to affect Brazil as well as other commodities’ dependant countries, making market friendly reforms a pre-condition to resume growth.

Source : Cushman & Wakefield

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