A new survey of 249 U.S. CFOs, this time by Grant Thornton, conveys a "best of times, worst of times" vibe, with 72% expecting interest rate hikes to create a recession.
Over the next six months is when the doom and gloom settle like the opening of a mediocre English murder mystery. Only 39% of those responding had a positive outlook for the nation's economy and 30% are considering layoffs. Not good news for the CRE office segment, which is already under pressure from trying to understand what space use will be like going forward.
Specifically, pessimism comes from concerns over higher energy costs, supply chain problems, interest rate hikes, and higher costs of credit and capital.
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