Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment, said Singapore's United Overseas Bank.
Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment, said Singapore's United Overseas Bank. But the bank remains optimistic about one key region. "The other hotspots will be China, there worries about the quality and whether they can manage the property uncertainty in China," he added.Lee added the world is heading into a more"uncertain environment" and the impact of higher-for-longer interest rates is starting to filter through the economy.
"China recovery has yet to come about. And of course, the recent geopolitical tension has added to the volatility," he added.That being said, in spite of a bumpy macroeconomic environment, Lee expects the ASEAN region to remain resilient, citing investment flows particularly in new economy areas such as sustainability.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: NBCLA - 🏆 319. / 59 Read more »
Source: CNBC - 🏆 12. / 72 Read more »