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Newmark Expert Provides 2019 FDI Progress Report for U.S. and Canadian Economies
Newmark Senior Managing Director, Gregg Wassmansdorf
, recently authored his latest column for fDi Magazine. In this opinion piece, Mr. Wassmansdorf takes stock of “how the economy, the markets and corporate sentiment are faring" in the first half of 2019, particularly across North America, where “policy gyrations and economic metrics appear highly contradictory and disruptive.”
"Overall, the US and Canadian economies are growing, unemployment is at historic lows, wages are rising, and, among US firms, roughly 75% of companies beat first-quarter earnings expectations. Concerns are growing, however, that the economy is beginning to stall, and US tariff policies are putting growth and investment at risk.
Housing starts are slowing, retail spending is falling, new credit applications are dropping, and banks are tightening standards on commercial and industrial loans, for example. Ongoing and rising uncertainty around tariffs and trade is creating a negative mood, together with indecision on domestic investment and FDI."
Read the full article titled View from the Americas: noise in the system makes companies uneasy.