Real Estate Convictions : Europe as of Q2 2022
With the war in Ukraine having triggered a costly crisis, the timing of any end to the conflict remains unclear. The economic repercussions of the crisis will contribute to a marked slowing of global growth in 2022 and will fuel inflation. These factors have led to a fresh downgrade in expectations of global growth to 3% for 2022, from 3.8% at the beginning of the year. Central banks are currently focusing their attention on the tools to deploy in reducing inflation. The economic cost of measures is currently less of a priority for them than the arresting of inflationary pressures.