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2015 REIT Themes

The global economy
In June last year, the World Bank predicted global economic growth of 2.8% and 3.4% in 2014 and 2015, respectively. 2014 surprised on the downside, clocking in at 2.6%.

This disappointment to the downside has become a trend in GDP outcomes relative to expectations during the current cycle’s recovery. Due to stagnation in Europe and Japan, as well as a slowdown in China, the World Bank has downgraded its 2015 forecast to 3% down from the previous forecast of 3.4%