CBRE has positively revised its 2025 Real GDP forecast.
CBRE revised its 2025 GDP growth estimate from a below-average 1.7% to an above-average 2.3%. Inflation is expected to be more persistent with a reacceleration to 2.5% in 2H25. The Fed Funds Target Rate is now expected to decrease by 80-110 bps by year-end 2025.
Employment growth and wage gains are moderating.
In October, employment growth grew 1.4%, down from 1.9% growth a year ago, while wage growth remained roughly 4%, around 139 bps higher than inflation. Real disposable income rose steadily at 2.7%, which could mean that consumers have discretionary income to spend on travel.
CMBS rates declined despite flat credit spreads.
Credit spreads remained at 1.8 p.p. y/y,…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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