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Experts Weigh in on Recession: Yay or Nay?

At the NAR conference, Ken Rosen said the current trade war with China is having an impact, along with a number of tech companies showing revenue but no profits, manufacturing in decline and many countries in recession.

Ken Rosen In his remarks at NAR, Ken Rosen said, “if we’re smart, we’ll get a truce with China and move on”.

SAN FRANCISCO—Will there or won’t there be a recession in the next two years? This was the big debate at the National Association of Realtors conference and expo at Moscone Center last week.

In the commercial economic issues and trends forum session, Ken Rosen, chairman of the Berkeley Haas Fisher Center for Real Estate and Urban Economics, professor emeritus at Berkeley’s Haas Center and chairman of Rosen Consulting Group, a real estate market research firm, squared off with Lawrence Yun, NAR chief economist, with differing views about that question. The session covered commercial market trends, where the economy is heading in 2020 and what this means for commercial real estate.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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