Economic slowdown will make property investors more cautious

摘要

The global economy is slowing as world trade and production begin to normalise after the lift received from the "inventory rebound", following the deep recession of 2008/09.Although we do not foresee a "double dip" scenario, we believe the global economy will slow to a more sustainable pace.There are two key reasons for this expected slowdown: first, the inventory cycle will fade and, second, fiscal constraints mean government spending will act as a drag on growth over the next couple of years.