From Cushman & Wakefield:
The U.S. economy has finally taken off. The coming year is expected to see the strongest growth since at least 2005 as businesses boost hiring and wages while consumers increase spending.
The year 2015 is expected to be the strongest of the recovery so far. Real gross domestic product (GDP) is forecast to increase at a 3.3% rate, roughly 50% faster than the 2.2% average since the recovery began in mid-2009.
■ The drivers of growth will be consumer spending, business investment and, to a lesser extent, housing.
■ Declining oil prices will be a net positive for the economy, boosting the income available for discretionary purchases and reducing costs in a wide range of industries.
■ But the decline in oil prices is also creating some risk to the outlook as countries that are major exporters of petroleum may
be faced with rising financial burdens.
■ This anticipated acceleration will have a strong positive impact on the U.S. commercial real estate sector, leading to higher demand in all major sectors: office, industrial, retail, multifamily and hospitality.
