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Real Estate Convictions Q4 2022

T2022 saw a more pronounced than expected global slowdown, due to Russia’s invasion of Ukraine, rising persistence of the Covid-19 pandemic in China. Although the clouds have continued to build up over economic prospects in the early months of 2023, rays of light could start to appear in the second half of this year, with the possibility of a recovery in 2024 now taking shape. Forecasts for global growth currently stand at 2.7% in 2023 and 3.2% in 2024.