Urban Land Institute's Real Estate Economic Forecast Says Pandemic-Induced Recession Likely to Be Short, But Many Unknowns Remain
May 21, 2020
May 21, 2020
WASHINGTON, May 21 -- The Urban Land Institute issued the following news release:
The Urban Land Institute's latest Real Estate Economic Forecast shows that, while the COVID-19 crisis has sent shockwaves throughout the world, U.S. real estate economists are predicting some light at the end of the tunnel, with a short-lived recession and above average GDP growth in 2021 and 2022.
The report's conclusions are based on a May 2020 survey of 39 economists and analysts at 35 . . .
The Urban Land Institute's latest Real Estate Economic Forecast shows that, while the COVID-19 crisis has sent shockwaves throughout the world, U.S. real estate economists are predicting some light at the end of the tunnel, with a short-lived recession and above average GDP growth in 2021 and 2022.
The report's conclusions are based on a May 2020 survey of 39 economists and analysts at 35 . . .