A Cushman & Wakefield Research Publication

UNITED STATES

SOME ASSUMED

FISCAL POLICY STIMULUS WILL CREATE

ADDITIONAL SHORT-TERM MOMENTUM,

WITH REAL GDP ACCELERATING FROM 1.6%

IN 2016 TO 2.1% IN 2017 AND 2.3% IN 2018

THE

U.S. 10-YEAR TREASURY

YIELD HELD STEADY AT

2.2% IN THE SECOND QUARTER

CANADA

IS BEING FUELED BY THE FORCES OF ACCOMMODATIVE

POLICY, FIRMING OIL PRICES, AND STRONGER GLOBAL DEMAND.

DOWNSIDE RISKS REMAIN, MOST NOTABLY ELEVATED HOME PRICES

MEXICO

, THE SECOND LARGEST ECONOMY IN LATIN AMERICA, IS PROJECTED

TO GROW IN THE NEIGHBORHOOD OF 2% FOR THE NEXT FEW YEARS

BRAZIL

IS SHOWING SIGNS OF EMERGING FROM ONE OF ITS DEEPEST RECESSIONS; REAL

GDP SHOULD EXPAND MODESTLY THIS YEAR (0.2%) AND MORE SUBSTANTIALLY NEXT

YEAR (2.8%)

CANADA

DOWNSIDE RISKS REMAIN, MOST NOTABLY ELEVATED

HOME PRICES (PARTICULARLY IN TORONTO AND VANCOUVER)

AND RECORD HOUSEHOLD DEBT.