The year 2012 started off with high hopes that the challenges faced by the global economy would be overcome and growth would accelerate. Instead, the difficulties intensified and the expected improvement got pushed back.
Nevertheless, the fundamental drivers continue to point to stronger growth. As solutions to the political-economic challenges are implemented and confidence returns, demand will build and lead to a much healthier economic climate.
Even though 2013 will get off to a slow start, Cushman & Wakefield is optimistic that the stage has been set for a significant turn-up late next year and a strong global rebound in 2014 and beyond. Read our Economic Pulse Forecast 2013 for global and regional analysis.