Economic growth in 2014 could be the strongest in nearly a decade, as several headwinds that conspired against the recovery—e.g., consumer deleveraging, falling home prices, state budget cuts and European debt crises—have run their course. Still, GDP growth of around 3 percent may fall short of the 4 percent to 5 percent growth seen in past recoveries for several reasons, including federal budget cuts and weak global growth. This has implications for commercial real estate (CRE): ...
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