GDP projections for major economies
|
|
- Alan Dickerson
- 5 years ago
- Views:
Transcription
1 GDP projections for major economies Australia 2.6% 2.7% Emerging markets 4.9% 5.2% Euro area 1.2% 1.5% Japan 1.4% 1.% United Kingdom 2.9% 2.5% United States 2.8% 3.% Source: IMF WEO.
2 BRIC growth projected to continue to outstrip OECD Annual GDP growth in 25 PPP Percent 15 1 India China 5 Brazil OECD -5 Russian Federation Source: OECD Economic Outlook.
3 GDP still below pre-crisis levels in some major countries Real GDP annual growth, percent U.S. Germany Japan U.K. Italy Source: Bloomberg.
4 Top cities by commercial sales volume 213 New York London Tokyo Los Angeles Washington, D.C. San Francisco Paris Hong Kong Berlin Chicago $18.1B $17.9B $16.B $13.5B $12.7B $12.5B $27.4B $31.8B $44.B $47.2B Sources: PwC, Real Capital Analytics.
5 Global real estate investment back to pre-crisis levels Direct commercial real estate investment volume US$ billions Source: Jones Lang LaSalle.
6 China real estate has lagged advanced economy recoveries Real estate indices Index (21 = 1) 2 Europe 15 1 Japan U.K. China Source: Bloomberg.
7 Importance of China s property market to wider economy Property market, percent of each category GDP Fixed asset investment Outstanding loans New loans Government revenues Source: Nomura.
8 Reemergence of CMBS Commercial mortgage-backed securities issuance, U.S. and non-u.s. US$ billions 35 3 Non-U.S U.S Source: Bloomberg.
9 Global REITs have recovered losses from the crisis Dow Jones Wilshire Global REIT Total Return Net Index Index, 25 = Source: Bloomberg, Dow Jones.
10 U.S. REITs have rebounded strongly Dow Jones Equity REIT Total Return Index Index, 25 = Sources: Bloomberg, Dow Jones.
11 Affordability for first time buyers dropped off last year First time homebuyer affordability index Source: Bloomberg. Note: Higher index value indicates more first time buyers can afford to buy a home.
12 Affordability still higher than during bubble despite last year s fall Composite homebuyers affordability index Source: Bloomberg. Note: Higher index value indicates more households can afford to buy a home.
13 Growth in construction spending has returned U.S. construction spending year-over-year Percent change year-over-year Sources: Bloomberg, U.S. Census Bureau.
14 Growth in construction spending has returned U.S. construction spending year-over-year, residential and commercial Percent change year-over-year 3 2 Residential Commercial Sources: Bloomberg, U.S. Census Bureau.
15 Stronger fundamentals for apartment and office tenants Unemployment rates by subgroup Percent unemployment 14 Prime renter group (2-34) Office using occupations Source: Bloomberg.
16 Major markets lead commercial property growth Major markets include Boston, Chicago, L.A., New York, San Francisco, Washington D.C. Price index (Dec 2 = 1) Major markets Non-major Source: Moody s, Real Capital Analytics.
17 Offices lead commercial real estate appreciation Price index (Dec 2 = 1) 2 18 Retail Office Industrial Source: Moody s, Real Capital Analytics.
18 Apartment deals picking up since Great Recession Apartment sales volume US$ billions Source: Bloomberg. Note: Sales volume = 3-month sums based on reports of properties and portfolios of $5 million or more.
19 U.S. apartments outpace core commercial properties Price index (Dec 2 = 1) 25 2 Apartments Core commercial Source: Moody s, Real Capital Analytics.
20 Record low 1-year Treasury yields 1-year Treasury yield, percent Average: 6.6 percent Source: Bloomberg.
21 Global real short-term interest rates month real interest rate, percent Q4 Source: Datastream, IMF, Milken Institute. Note: 3-month interest rates: Canada, China, France, Germany, Italy, Japan, United Kingdom, United States; Weighted by GDP.
22 Real short-term interest rates Percent Percent Q1 China Japan US Eurozone UK 22 Q1 26 Q1 21 Q1 214 Q1 Sources: Datastream, OECD Statistics, Oxford Economics.
23 Rising rate expectations have leveled off since last summer 1-year sovereign bonds, 1 year forward rates Percent 3.5 USD GBP EUR Source: Bloomberg.
24 Kennedy-Wilson Holdings, Inc. stock price performance NYSE, ticker KW Price, US$ Source: Bloomberg.
25 RCS Capital Corporation stock price performance NYSE, ticker RCAP Price, US$ Source: Bloomberg.
26 Increasing role of public, non-traded REITs US$ billions 2 18 $18.6B Investment in public unlisted REITs 1 8 $9.4B REIT IPO capital raised $2.4B $1.4B Sources: Investment Program Association, Robert A. Stanger & Company.
27 U.S. private equity deal flow US$ billions Capital invested (left) Deals closed (right) Count Source: Pitchbook.
28 Global M&A announced volume by sector US$ billions Sources: American Realty Capital, Dealogic.
29 Commercial office prices in greatest technology hubs USD$ per square foot Seattle Austin San Jose Source: Bloomberg.
30 Industrial prices in great technology hubs USD$ per square foot 1,4 Seattle San Francisco Austin San Jose 1,2 1, Source: Bloomberg.
31 Retail prices in great technology hubs USD$ per square foot 7 Seattle San Francisco Austin San Jose Source: Bloomberg.
32 Commercial office prices in notable energy cities USD$ per square foot 3 Denver San Antonio Houston Source: Bloomberg.
33 Retail prices in notable energy cities USD$ per square foot 25 Denver San Antonio Houston Source: Bloomberg.
34 Increasing number of agents reporting foreign clients Percent of REALTORS reporting at least one international client purchasing U.S. property Yes 53% No 47% Yes 76% No 24% Source: National Association of REALTORS.
35 Distribution of international purchasers of California residences Asia & Oceania 54% Europe 16% Latin America & Carribean 12% Canada 11% Africa & Middle East 8% Source: National Association of REALTORS.
36 U.S. immigrant population country of origin Last residence of persons obtaining legal permanent resident status, select region/country, 211 Thousand people Mexico Africa Europe South America China India Source: Office of Immigration Statistics.
37 Top countries investing in the U.S. Shares of top countries of origin to total reported international transactions Canada China Mexico United Kingdom India Argentina Germany Russia Venezuela France Brazil Korea Australia Israel 3% 3% 2% 2% 2% 2% 2% 2% 2% 5% 5% 8% 12% 23% Source: National Association of REALTORS.
38 Inbound capital: leading direct investors in the U.S. Inbound fixed direct investment flows, US$ billions $29.9B $21.7B $2.5B $19.2B $16.5B 1-1 Netherlands France United Kingdom Japan Canada Source: Organization for International Investment.
39 Generational groups to shape economic trends Million people 5 Millennials 74 million Gen Xers 62 million Baby boomers 71 million Note: 213 estimates. Sources: Barron s, U.S. Census Bureau.
40 Older populations to grow relative to working age groups Ratio of 65+ years olds to year olds Old age dependency ratio, percent Japan Euro Area United Kingdom United States Source: World Bank.
41 Countries with universal health care Sources: The Atlantic, Wikimedia.
42 Risk spectrum Senior debt Ground-up development
Strong performance for real estate assets
Strong performance for real estate assets Annualized returns, United States, 212 Percent 2 18 16 14 1 year 1 year 12 1 8 6 4 2 REITs Equities Real property Govt bonds CPI T-bills Sources: CBRE, NCREIF.
More informationThree-speed recovery. GDP growth. Percent Emerging and developing economies. World
Three-speed recovery GDP growth Percent 1 8 6 4 2-2 -4-6 198 1985 199 1995 2 25 21 215 Source: IMF WEO; Milken Institute. Emerging and developing economies Advanced economies World Output is still below
More informationReal Estate Investment Beyond(?) the Global Credit Crisis
Real Estate Investment Beyond(?) the Global Credit Crisis James Valente (james.valente@ipd.com) Director, North America November 29 th 2011 2011 ipd.com Overview Variation in regional trends Global investment
More informationU.S. Economic Overview: Implications for So. Cal. And Arizona Metros
U.S. Economic Overview: Implications for So. Cal. And Arizona Metros Ross DeVol Chief Research Officer Milken Institute Presented to Kindercare 9/24/213 U.S. Overview Labor markets: improving but slow
More informationTEXAS MULTIFAMILY FOLLOW THE MONEY. THE CAPITAL MARKETS PERSPECTIVE Jeanette I. Rice, Americas Head of Investment Research February 12, 2016
TEXAS MULTIFAMILY FOLLOW THE MONEY THE CAPITAL MARKETS PERSPECTIVE Jeanette I. Rice, Americas Head of Investment Research February 12, 2016 MULTIFAMILY ON TOP OF THE MARKET 2 MONEY IS FOLLOWING MULTIFAMILY
More informationCopyright 2016 by the Securities Industry and Financial Markets Association 120 Broadway New York, NY (212)
2016 FACT BOOK 2016 FACT BOOK Produced by SIFMA Research Department Copyright 2016 by the Securities Industry and Financial Markets Association 120 Broadway New York, NY 10271-0080 (212) 313-1200 research@sifma.org
More informationInvestor Presentation
Investor Presentation May 2013 48,000 employees 200 offices 70 countries 1 global platform Table of Contents I. Company Description II. Global Growth Strategy III. Financial Overview IV. Appendix 2 Company
More informationProgress towards Strong, Sustainable and Balanced Growth. Figure 1: Recovery from Financial Crisis (100 = First Quarter of Real GDP Contraction)
Progress towards Strong, Sustainable and Balanced Growth Figure 1: Recovery from Financial Crisis (100 = First Quarter of Real GDP Contraction) Source: OECD May 2014 Forecast, Haver Analytics, Rogoff and
More informationSupplemental Information Earnings Call
Supplemental Information Earnings Call Fourth-Quarter 2015 Market volume & outlook JLL Research Investment volumes remain solid; outlook steady Market Volumes Actual Forecast Capital Markets (1) LC USD
More informationProgress Towards Strong, Sustainable, and Balanced Growth. Figure 1: Recovery From Financial Crisis (100 = First Quarter of Real GDP contraction)
Progress Towards Strong, Sustainable, and Balanced Growth Figure 1: Recovery From Financial Crisis ( = First Quarter of Real GDP contraction) 13 125 196-26 AE Recessions' Range*** 196-26 AE Recessions**
More informationIPD Global Annual Property Index launch 15 April 2013
IPD Global Annual Property Index launch 1 April 213 213 Investment Property Databank Ltd. All rights reserved. ipd.com 1 IPD Global Annual Property Index launch Presenters and panel members Presenters
More informationCAPITAL MARKETS UPDATE. Suburban Office: Is this the Next Play?
CAPITAL MARKETS UPDATE Suburban Office: Is this the Next Play? October 2016 Investment Thesis Background Suburban office product has lagged the property recovery cycle. Most of the lag is the result of
More informationExecutive Summary. The Transatlantic Economy Annual Survey of Jobs, Trade and Investment between the United States and Europe
The Transatlantic Economy 2011 Annual Survey of Jobs, Trade and Investment between the United States and Europe Daniel S. Hamilton Daniel S. Hamilton and Joseph P. Quinlan and Joseph P. Quinlan Center
More informationReal Estate Investment and Capital Market Perspectives An evolving and different recovery continues
Real Estate Investment and Capital Market Perspectives An evolving and different recovery continues presented to: NCREIF Valuation Committee Jim Clayton, Ph.D. Vice President Research Cornerstone Real
More informationThe Global Economic Crisis: Asia and the role of China Elliott School of International Affairs, George Washington University March 31, 2009
The Global Economic Crisis: Asia and the role of China Elliott School of International Affairs, George Washington University March 31, 29 Anoop Singh Asia and Pacific Department IMF 1 Five key questions
More informationOutlook for the Economy and Travel Outlook for the Global Economy and Travel
Outlook for the Economy and Travel Outlook for the Global Economy and Travel Adam Sacks President Tourism Economics @adam_sacks Adam Sacks President Tourism Economics @adam_sacks Outline The Outlook for
More informationOutlook for Global Real Estate
Outlook for Global Real Estate Global economy recovering despite uncertainty GDP growth varies across regions and countries Percent 2 15 Emerging economies 1 World 5 Forecast Percent 2 Middle East and
More informationGlobal Real Estate Capital Markets
Global Real Estate Capital Markets Real Estate Data as of 2Q 2017 Economic/Capital Markets Data as of September 2017 Jon H. Zehner Presentation to ULI Scotland Thursday 28 September 2017 LaSalle Investment
More informationGlobal Construction 2030 Expo EDIFICA 2017 Santiago Chile. 4-6 October 2017
Global Construction 2030 Expo EDIFICA 2017 Santiago Chile 4-6 October 2017 Graham Robinson Global Construction Perspectives Global Construction 2030 is the fourth in a series of global studies of the construction
More informationEmerging Trends in Real Estate Navigating at Altitude
Emerging Trends in Real Estate 2018 Navigating at Altitude We are in a long cycle, not in boom/ bust. The key to the next few years is to expand horizons, market by market, property type by property type.
More informationEmerging Trends in Real Estate 2014
Canada Emerging Trends in Real Estate 2014 Emerging Trends is the industry s most predictive forecast 35th annual outlook Based on over 1,000 interviews and surveys of industry leaders Sponsored by PwC
More information2017 Mid-Year Commercial Real Estate Outlook for Asia Pacific
2017 Mid-Year Commercial Real Estate Outlook for Asia Pacific REAL ASSETS REAL ESTATE INVESTING TEAM INVESTMENT INSIGHT 2017 The global macroeconomic landscape continues its shift away from highly accommodative
More informationGlobal Real Estate Investments Opportunities and Risks in the Late Stage of the Cycle. Wolfgang Kubatzki, Managing Director, Scope Investor Services
Global Real Estate Investments Opportunities and Risks in the Late Stage of the Cycle Wolfgang Kubatzki, Managing Director, Scope Investor Services Global Real Estate Investments Current Situation Structural
More informationRecent Recent Developments 0
Recent Developments 0 Global activity has slowed noticeably World Trade (annualized percent change of three month moving average over previous three month moving average) Purchasing Managers Index (PMI)
More information2018 CAPITAL GAINS DISTRIBUTION ESTIMATES
2018 CAPITAL GAINS DISTRIBUTION ESTIMATES Estimated amounts of upcoming capital gain distributions are shown below. Estimated distributions can change prior to the record date depending on current market
More informationPatterns of Global Capital Flow
Patterns of Global Capital Flow Real Estate Capital Flows (from one continent to another) have been more than $100 billion in each of the last three years North America was the largest source of cross-regional
More informationTHE STATE OF THE ECONOMY
THE STATE OF THE ECONOMY ANGELA GUO Portland State University The United States economy in the fourth quarter of 2013 appears to have a more robust foothold pointing to a healthier outlook for 2014. Much
More informationFinancial Crisis What do we know?
Financial Crisis What do we know? Pedro Videla IESE Global Propagation of the Financial Crisis United Kingdom Ireland Iceland United States Spain January 2008 March 2008 June 2008 September 2008 January
More informationRising Risks for the Housing Outlook
Rising Risks for the Housing Outlook Master Builders Association of Pierce County October 17, 2018 Robert Dietz, Ph.D. NAHB Chief Economist Population Growth Pierce County population growing faster than
More informationEconomic Indicators. Roland Berger Institute
Economic Indicators Roland Berger Institute October 2017 Overview Key points Economic Indicators A publication, compiled by the Roland Berger Institute, that provides you with the most important macroeconomic
More informationInternational Economic Outlook
International Monetary Fund September 9, 16 International Economic Outlook Alejandro Werner Director Western Hemisphere Department 1 Global and Regional Developments Relevant Issues Global and Regional
More informationA short history of debt
A short history of debt In the words of the late Charles Kindleberger, debt/financial crises are a hardy perennial we have been here many times before. Over the past decade and a half the ratio of global
More informationEmerging Trends in Real Estate Sustaining Momentum but Taking Nothing for Granted
Emerging Trends in Real Estate 2015 Sustaining Momentum but Taking Nothing for Granted PwC-ULI Outlook on trends 36th edition 368 interviews 1,055 survey responses 1,400+ participants, a record Who? District
More informationMid-Year Market View. The State of the Lodging Industry
Mid-Year Market View The State of the Lodging Industry July 2017 2 Industry in consensus lodging market is stable Steady On Further Upside? At the conclusion of NYU s International Hospitality Industry
More informationFOREIGN ACTIVITY REPORT
FOREIGN ACTIVITY REPORT SECOND QUARTER 2012 TABLE OF CONTENTS Table of Contents... i All Securities Transactions... 2 Highlights... 2 U.S. Transactions in Foreign Securities... 2 Foreign Transactions in
More informationTIGER: Tracking Indexes for the Global Economic Recovery By Eswar Prasad and Karim Foda
TIGER: Tracking Indexes for the Global Economic Recovery By Eswar Prasad and Karim Foda Technical Appendix Methodology In our analysis, we employ a statistical procedure called Principal Component Analysis
More information2015 REAL ESTATE ECONOMIC FORECAST The National Economy and What It Means For Real Estate
2015 REAL ESTATE ECONOMIC FORECAST The National Economy and What It Means For Real Estate February 5, 2015 Jeanette I. Rice Kentucky Chapter National economy in great shape for 2015 Creating excellent
More informationInvestor Presentation. 53,000 employees, 200 offices, 75 countries, 1 global platform
Investor Presentation 53,000 employees, 200 offices, 75 countries, 1 global platform December 2014 Who we are JLL is a leading provider of real estate services and investment management, creating value
More informationGlobal Economy is Expected to Grow by 3.4 % in 2016 GDP growth in 2016, %
Russia Brazil Mexico Rest of Latin America Rest of Eastern Europe Middle East and Africa Global Economy is Expected to Grow by 3.4 % in 216 GDP growth in 216, % 9 8 7 6 5 4 3 2 1-1 -2-3 -4 North America
More informationJapan's International Investment Position at Year-End 2009
Japan's at Year-End 2009 September 2010 International Department Bank of Japan This is an English translation of the Japanese original released on May 25, 2010 Japan's international investment position
More informationThe Forecast for Emerging Markets
The Forecast for Emerging Markets Monday, April 27, 2009 09:30 AM - 10:45 AM Moderator Komal Sri-Kumar, Managing Director, Chief Global Strategist, TCW Group Inc.; Senior Fellow, Milken Institute Speakers
More informationThe Economic Backdrop When will this cycle end?
The Economic Backdrop When will this cycle end? How far are we into the current economic expansion? Current expansion in 8 th year; 4 th longest since 1960 Length of economic expansions (months) Apr-91-Feb-01
More informationPRESENTATION BY JACOB A. FRENKEL AT THE FORUM: INTELLIGENCE ON THE WORLD, EUROPE, AND ITALY. Villa d'este, Cernobbio - September 7, 8 and 9, 2012
PRESENTATION BY JACOB A. FRENKEL AT THE FORUM: INTELLIGENCE ON THE WORLD, EUROPE, AND ITALY Villa d'este, Cernobbio - September 7, 8 and 9, 1 Working paper, September 1. Kindly authorized by the Author.
More informationReview and Outlook. Review of 2011 and Outlook for the Coming Year
Review and Outlook Review of 2011 and Outlook for the Coming Year Overview Review of world economy in 2011 Review of world markets in 2011 Review of Eurozone conditions i and implications for investment
More informationGlobal Economic Prospects
Global Economic Prospects Back from the Brink? Andrew Burns World Bank Prospects Group April 12, 212 1 Amid some signs of improvement, global recovery remains fragile First quarter of 212 has been generally
More informationGlobal Economic Outlook John Hawksworth Chief Economist, PwC September 2012
www.pwc.co.uk/economics Global Economic Outlook John Hawksworth Chief Economist, September 2012 Agenda Global overview Short term prospects for Europe, US and BRICs Long term trends: demographics, growth
More informationThe Challenges & Opportunities From Falling Energy Prices March 2015
The Challenges & Opportunities From Falling Energy Prices March 2015 page 1 Agenda Oil Market: Macro Overview Deep Dive: Houston Economy & CRE Markets Beneficiaries: Who Stands To Gain From Cheap Oil?
More informationDevelopment Updates and Trends : Opportunities and Risks Local Details Operating for a Global Strategy
Development s and Trends : Opportunities and Risks Local Details Operating for a Global Strategy Claro dg. Cordero, Jr. Head Research, Consulting & Valuation Services 19 October 2012 1 Discussion agenda
More informationInvestor Presentation. 53,000 employees, 200 offices, 75 countries, 1 global platform
Investor Presentation 53,000 employees, 200 offices, 75 countries, 1 global platform August 2014 Who we are JLL is a leading provider of real estate services and investment management, creating value for
More informationGlobal Themes and Risks
The Goldman Sachs Group, Inc. Goldman Sachs Research Global Themes and Risks April 2013 Abby Joseph Cohen, CFA Goldman, Sachs & Co. 1-212-902-4095 abby.cohen@gs.com Rachel Siu Goldman, Sachs & Co. 1-212-357-0493
More informationSingle-family home sales and construction are not expected to regain 2005 peaks
Single-family home sales and construction are not expected to regain 25 peaks Millions of units 8. 7. 6. 5. Housing starts (right axis) 4. Home sales (left axis) 3. 2. 1. 198 1985 199 1995 2 25 21 215
More informationCorrigendum. OECD Pensions Outlook 2012 DOI: ISBN (print) ISBN (PDF) OECD 2012
OECD Pensions Outlook 2012 DOI: http://dx.doi.org/9789264169401-en ISBN 978-92-64-16939-5 (print) ISBN 978-92-64-16940-1 (PDF) OECD 2012 Corrigendum Page 21: Figure 1.1. Average annual real net investment
More informationEmerging Trends in Real Estate 2016
Emerging Trends in Real Estate 2016 PwC ULI 12 Month Outlook on Trends 37 th Edition 1,800+ Real Estate leaders surveyed 75 Cities Profitability outlook 2010 17.7% 60.6% 21.6% Abysmal to Poor Fair Good
More informationFOREIGN INVESTMENT IN U.S. REAL ESTATE Current Trends and Historical Perspective
FOREIGN INVESTMENT IN U.S. REAL ESTATE Current Trends and Historical Perspective Prepared by the Research Division of THE NATIONAL ASSOCIATION OF REALTORS November 2008 Preface Through the early years
More information1st Quarter Revenue. April 22, 2010
1st Quarter Revenue April 22, 2010 Disclaimer This presentation contains forward looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)"
More informationFranklin Templeton Investments Our Global Perspective
Greg Johnson Chief Executive Officer Franklin Resources, Inc. Franklin Templeton Investments Our Global Perspective Dealer Use Only / Not for Distribution to the Public World-Class Investment Management
More informationShort-term momentum: Will it be sustained?
OECD INTERIM ECONOMIC OUTLOOK Projections published:20 Sept Short-term momentum: Will it be sustained? David TURNER Project LINK Meeting, UNCTAD in Geneva Oct 3-5, 2017 www.oecd.org/economy/economicoutlook.htm
More informationPrologis Supplemental Information
First Quarter 2017 Supplemental Information Unaudited Table of Contents Highlights 1 Company Profile 3 Company Performance 5 Guidance Financial Information 6 Consolidated Balance Sheets 7 Consolidated
More informationOlivier Blanchard Economic Counsellor and Director of the Research Department, International Monetary Fund
Centre for Economic Performance 21st Birthday Lecture Series The State of the World Economy Olivier Blanchard Economic Counsellor and Director of the Research Department, International Monetary Fund Lord
More informationEconomic and Market Outlook
Economic and Market Outlook Third Quarter 2018 Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value Past performance is no guarantee of future results. Financial term and index definitions
More informationLisbon Business Forum Business Intelligence Insights. Henrique Teixeira, Market Manager, Business Intelligence 20 October 2016
Business Intelligence Insights Henrique Teixeira, Market Manager, Business Intelligence 20 October 2016 World Regional FIN Traffic Live total traffic in H1 2016 Africa 3% FIN traffic by regions Asia- Pacific
More informationPrologis Supplemental Information
Second Quarter 2018 Supplemental Information Unaudited Table of Contents Highlights 1 Company Profile 3 Company Performance 5 Guidance Financial Information 6 Consolidated Balance Sheets 7 Consolidated
More informationNote: G20 includes only the 19 member countries (excludes European Union).
Note: G20 includes only the 19 member countries (excludes European Union). (Per cent) Variable 2007 2008 2009 2010 2011 2012 2013 2014 2015* GDP 5.7 3.1 0.0 5.4 4.2 3.4 3.3 3.4 3.1 Trade 7.9 2.9-10.3 12.5
More informationWorld Geographic Shares
Panel Sponsored by World Geographic Shares North America South America Europe Africa Asia Australia / N.Z. 18% 13% 7% 22% 33% 6% World Population Shares, 2002 North America South America Europe Africa
More informationVantage Investment Partners. Quarterly Market Review
Vantage Investment Partners Quarterly Market Review First Quarter 2016 Quarterly Market Review First Quarter 2016 This report features world capital market performance and a timeline of events for the
More informationMarket Allocation Platform Guiding investment decisions to maximize ROI. Tourism Economics
Market Allocation Platform Guiding investment decisions to maximize ROI Tourism Economics core services Travel data and forecasts for 190 countries, 50 states, and 300 cities Policy analysis and recommendations
More informationMoney, Finance and the Real Economy: what went wrong?
Money, Finance and the Real Economy: what went wrong? Anton Brender Rotterdam, December 1, 15 December 15 FIRMS SPENDING BEHAVIOUR RESPONDS LESS TO INTEREST RATES CHANGES Non-financial firms borrowing
More informationThe Expanding World of Cross-Border Real Estate
The Expanding World of Cross-Border Real Estate The perils and profits of global real estate investing. JACQUES N. GORDON INTERNATIONAL REAL ESTATE investing is moving into the mainstream. By comparison
More informationGlobal Trends in Housing Finance
Global Trends in Housing Finance Dr. Michael Lea Housing Finance Workshop for South Africa November 2008 Outline of Presentation! Global Comparisons: Developed and Emerging Markets! Global Trends! Macroeconomic
More informationFiscal Policy and the Global Crisis
Fiscal Policy and the Global Crisis Presentation at Koҫ University, Istanbul Carlo Cottarelli Director IMF Fiscal Affairs Department June 9, 2009 1 Two fiscal questions What is the appropriate fiscal policy
More informationEconomic Outlook. Global And Finnish. Technology Industries In Finland Turnover and orders picking up s. 5. Economic Outlook
Economic Outlook Technology Industries of Finland 2 217 Global And Finnish Economic Outlook Broad-Based Global Economic Growth s. 3 Technology Industries In Finland Turnover and orders picking up s. 5
More informationInternet Appendix: Government Debt and Corporate Leverage: International Evidence
Internet Appendix: Government Debt and Corporate Leverage: International Evidence Irem Demirci, Jennifer Huang, and Clemens Sialm September 3, 2018 1 Table A1: Variable Definitions This table details the
More informationAdvanced and Emerging Economies Two speed Recovery
Advanced and Emerging Economies Two speed Recovery 23 November 2 Bauhinia Foundation Research Centre Masaaki Shirakawa Governor of the Bank of Japan Slide 1 Japan s Silver Yen and Hong Kong s Silver Yuan
More informationTrends and opportunities across regions: Europe
Trends and opportunities across regions: Europe Monday, 6 June 2011 Head of Institutional Fixed Income Europe Three themes shaping global opportunities I. Long term: Spheres of influence are shifting among
More informationCanadian Housing Soft Landing
Dr. Sherry Cooper Chief Economist Dominion Lending Centres The Title of the presentation Second line if needed Third line if needed Canadian Housing Soft Landing Today s date Location of presentation May
More informationPrologis Supplemental Information
Third Quarter 2017 Third Quarter 2017 Supplemental Information Unaudited Unaudited Table of Contents Highlights 1 Company Profile 3 Company Performance 5 Guidance Financial Information 6 Consolidated Balance
More informationThe Transatlantic Economy 2015: Why it Matters to the Carolinas
The Transatlantic Economy 2015: Why it Matters to the Carolinas Daniel Hamilton, Executive Director Center for Transatlantic Relations Johns Hopkins University SAIS Washington D.C. European Union Foreign
More informationThe Outlook for Israel s Economy in Light of Current Global Developments
The Outlook for Israel s Economy in Light of Current Global Developments Dr. Leonardo Leiderman Professor of Economics, Tel-Aviv University and Chief Economic Advisor, Bank Hapoalim To be presented in
More informationPOST-CRISIS GLOBAL REBALANCING CONFERENCE ON GLOBALIZATION AND THE LAW OF THE SEA WASHINGTON DC, DEC 1-3, Barry Bosworth
POST-CRISIS GLOBAL REBALANCING CONFERENCE ON GLOBALIZATION AND THE LAW OF THE SEA WASHINGTON DC, DEC 1-3, 2010 Barry Bosworth I. Economic Rise of Asia Emerging economies of Asia have performed extremely
More informationEconomic Outlook January, 2012
Economic Outlook January, 2012 Summary Global economy Low global growth scenario, tail risks have become smaller. Risks (Debt Ceiling, elections in Italy, growth in Europe). Brazil Activity shows signs
More informationGlobal. Real Estate Outlook. Jeremy Kelly Global Research. David Green-Morgan Global Capital Markets Research
Global Real Estate Outlook Jeremy Kelly Global Research David Green-Morgan Global Capital Markets Research Ben Breslau Director of Research, Americas 7 th February 2013 Global Real Estate Outlook Road
More informationSHAMBLING FORWARD. 02/13/2014 WORLD POPULATION 2 WALL STREET, MAIN STREET, AND CAPITOL HILL: AN ECONOMIC UPDATE
SHAMBLING FORWARD. WALL STREET, MAIN STREET, AND CAPITOL HILL: AN ECONOMIC UPDATE Shamble: To walk in an awkward, lazy, or unsteady manner, shuffling the feet FEBRUARY 12, 2014 David B. Hanson, CPA, CFA
More informationCurrent Asset Review Period ended 31 December 2018
Current Asset Review Period ended 1 December 018 NET ASSET VALUE ASSET CLASS Net Asset Value S$.1 million Net Asset Value S$9.41 million NET ASSET VALUE - CURRENCY Net Asset Value S$.1 million Net Asset
More informationSupplemental Information Earnings Call Third-Quarter 2015
Supplemental Information Earnings Call Third-Quarter 2015 Q3 2015 Market Volume & Outlook JLL Research Investment Volumes Remain Strong; Outlook Steady Market Volumes Capital Markets (1) (in USD) Americas
More informationPMITM. The world s leading economic indicator
PMITM The world s leading economic indicator The Purchasing Managers IndexTM (PMITM) is based on monthly surveys of carefully selected companies representing major and developing economies worldwide. KEY
More informationU.S. Economic Outlook STEVE COCHRANE, MANAGING DIRECTOR
U.S. Economic Outlook STEVE COCHRANE, MANAGING DIRECTOR Recessions Are Few and Far Between Business cycle status, January 2017 Source: Moody s Analytics Recession At Risk Recovery Expansion Wage Growth
More informationPrivate Equity: Where Risk Meets Opportunity
Private Equity: Where Risk Meets Opportunity Panel Detail: Tuesday, April 28, 2009 11:00 AM - 12:15 PM Speakers: Leon Black, Founding Partner, Apollo Management LP Jim Davidson, Co-Founder and Chairman,
More informationFigure 1: Underlying Activity Growth (% MoM Ann.) for Global Aggregates
Figure 1: Underlying Activity Growth (% MoM Ann.) for Global Aggregates World Advanced Economies Emerging Market Economies Notes: The black dashed line represents the model s estimate of long-run growth.
More informationAsset Securitisation in East Asia
East Asian Finance-Road to Robust Markets Asset Securitisation in East Asia Ismail Dalla Hong Kong June 22-23, 06 Views expressed in this presentation do not represent official views of the World Bank
More informationPrologis Supplemental Information
Fourth Quarter 2016 Supplemental Information Unaudited Table of Contents Highlights 1 Company Profile 3 Company Performance 5 Guidance Financial Information 6 Consolidated Balance Sheets 7 Consolidated
More informationMay Global Growth Strategy
May 2012 Global Growth Strategy Jones Lang LaSalle Global Growth Strategy G1 G3 Build our local and regional leasing and capital markets businesses G5 Connections Capture the leading share of global capital
More informationThe World Economic & Financial System: Risks & Prospects
The World Economic & Financial System: Risks & Prospects Dr. Jacob A. Frenkel Chairman & CEO Group of Thirty (G30).Bank Indonesia 7th Annual International Seminar Global Financial Tsunami: What Can We
More informationG20 Finance Track. 18 Februari 2016
G20 Finance Track 18 Februari 2016 1 Background "the commitment to work together to establish an informal mechanism for dialogue among systemically important countries, within the framework of the Bretton
More informationEmerging markets in the global crisis and beyond
Emerging markets in the global crisis and beyond May 5, 29 Maria Laura Lanzeni Head of Emerging Markets Think Tank of Deutsche Bank Group Agenda Emerging markets & BRICs as global players Impact of the
More informationMultifamily Outlook. United States Fall 2014
Multifamily Outlook United States Fall 2014 Markets continue to perform at peak levels... with nearterm, pocketed softening on the horizon On the heels of seven quarters of peak-level investment sale volumes,
More informationSMSF Investment Seminar Sydney. 18 Oct 2010
SMSF Investment Seminar Sydney 18 Oct 2010 Important Notice This document has been prepared by Asian Masters Fund Limited (Asian Masters Fund). The material that follows is a presentation of general background
More informationSLUGGISH HOUSEHOLD GROWTH
3 Demographic Drivers Household growth has yet to rebound fully as the weak economic recovery continues to prevent many young adults from living independently. As the economy strengthens, though, millions
More informationWorld real GDP growth in 2010 Annual percent change
World real GDP growth in 20 Annual percent change % or more 6-% 3-6% 0-3% Less than 0% No data Source: International Monetary Fund. World real GDP growth in 2011 Annual percent change % or more 6-% 3-6%
More informationFinancial wealth of private households worldwide
Economic Research Financial wealth of private households worldwide Munich, October 217 Recovery in turbulent times Assets and liabilities of private households worldwide in EUR trillion and annualrate
More informationPRESS RELEASE. Home Prices Continue Climbing in June 2013 According to the S&P/Case-Shiller Home Price Indices
Home Prices Continue Climbing in June 2013 According to the S&P/Case-Shiller Home Price Indices New York, August 27, 2013 Data through June 2013, released today by for its S&P/Case-Shiller 1 Home Price
More information