18.05.22
• After a strong recovery in 2021 and early 2022, the global economy is facing several headwinds that raise the possibility of a downturn.
• Russia’s war in Ukraine is inhibiting economic growth in Europe, negatively impacting industry energy supply, consumer confidence and corporate spending.
• Growth is slowing in China, reflecting strict COVID lockdowns and continuing government restraint of the tech and real estate sectors.
• Real estate debt remains broadly available but terms have tightened, as the U.S. Federal Reserve and other central banks seek to curb inflation by aggressively raising interest rates.
