Just Right…Goldilocks Economy Bodes Well for Property Demand
|The U.S. economy has entered a Goldilocks scenario, one that is not too hot or too cold, but “just about right.” Real GDP is on track to grow slightly better than 2% in 2017, generating just under 2 million net new jobs this year. The economy’s temperature also seems to be “just about right” for consumers. Confidence is hovering at a near-15 year high, retail sales are accelerating at a 5% rate year-over-year and credit is flowing. In addition, the global economy is also firing back up: world nominal GDP growth is expected to be four times greater this year than it was last year, bolstering global trade and business confidence.