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The Chief Economist: Q2-2025 U.S. Economic and CRE Outlook

The Q2 2025 update introduces an augmented base case combining macroeconomic scenarios with a machine-learning behavioral model. The forecast points to growth near 1.5 percent, disinflation, Federal Reserve rate cuts and stabilizing commercial real estate fundamentals.

EconomyIndustrial & LogisticsMultifamilyOfficeRetailU.S. National
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