Regarding the economic environment, 2022 has been a turning point. Global economy is slowing, with a structurally higher inflation and an elevated cost of debt. High inflation should continue far longer than originally anticipated, meaning more pressure from Central banks is expected on interest rates. As a result, European economies will enter 2023 with falling output. Discover The Lighthouse, BNP Paribas REIM’s European Property Market Outlook. This House View emphasizes - through in-house forecasts, research and market expertise - our investments strategies within the expected macroeconomic and financial framework.
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