WASHINGTON, DC–On May 1 it became official: the US economy is in its second-longest expansion. If this current economic cycle continues through July 1, 2019, it will be the longest on record, according to Cushman & Wakefield.
But will the economy make it to that date?
“We get asked this question all of the time,” Revathi Greenwood, head of Americas research with Cushman & Wakefield, tells GlobeSt.com. “I think these superlatives make people nervous. They wonder if it is time for the party to be over and the next recession to start.”
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
