Economic growth

Goldman Sachs sees break in the clouds in latest economic forecast

Goldman Sachs New York headquarters
Goldman Sachs' New York headquarters. Photo: Spencer Platt/Getty Images

"Slightly better growth, limited recession risk and friendly monetary policy should provide a decent background for financial markets in the early part of 2020," Goldman Sachs Economics Research says in a 21-page forecast by Jan Hatzius, Daan Struyven and Ronnie Walker.

The big picture: "We expect the global growth slowdown that began in early 2018 to end soon, in response to easier financial conditions and an end to the trade escalation," the authors say.

Boom times expected for U.S. commercial real estate

Illustration of a retail sign
Illustration: Eniola Odetunde/Axios

Next year could be "one of the strongest years on record" for the U.S. commercial real estate industry, according to a market outlook released Wednesday by CBRE, the world's biggest commercial real estate servicer and investment firm.

Why it matters: Commercial real estate activity is a leading economic indicator, and growth in the sector translates to more jobs and investments in local communities.