Glass Half Full With US Economy

SAN DIEGO—Despite substantial headwinds, the overall and long-term picture for the US economy and the commercial real estate sector is positive, said speakers at CREW San Diego‘s ‘Market-Leading Economic Insights & Analysis’ event here on Thursday. While recovery from the recession has been slow, and some might say true job growth has been anemic, the US is still one of the strongest economies in the world, and global investors still view it as a safe haven for commercial real estate investment.

Joseph Quinlan, managing director and chief market strategist for US Trust, Bank of America Private Wealth Management, said there are both headwinds and tailwinds affecting our economic growth that balance each other out. The fact that we will be able to grow our economy by 2% to 2.5% in 2016 is a great thing, but the fact that Donald Trump is still the forerunner for the Republican candidacy less than a year from the presidential election “says something about the mindset of the country”—namely, that a lot of people are fed up.