NEW YORK CITY-“Sluggish” is the word Cushman & Wakefielduses to describe economic recovery in the US since the recessiontechnically ended in June 2009. However, it is a recoverynonetheless, albeit stronger in other key Americas nations than inthe US.

The progress that the US and other Americas markets have made iscomparable to that seen in Europe, where forecasts for 2010 overallhave been upgraded lately, although there’s an increasing disparitybetween individual countries. Both regions, though, have been leftin the dust by the Asia Pacific countries, according to C&W’sEconomic Pulse reports for the three global regions, issuedTuesday.

Here in the US, “The story of the recovery so far, and it’s nowabout 15 months old, is that it’s better than the past tworecoveries but not as strong as one would hope, given the depth ofthe downturn,” says Ken McCarthy, managing director of US researchservices, in a podcast discussion of the Americas report. C&Wnotes that the US began adding jobs earlier this time: about sixmonths after the technical end of the recession, compared to 11months after the 1990 downturn ended and 19 months from the bottomof the 2001 recession.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.