Economic experts agree that the recovery will continue through 2022 and 2023, producing outsized growth of 4.7% next year. While there are a lot of positive trends supporting growth, there are three risks that could derail the economic recovery. During a 2022 outlook webinar, Richard Barkham, global chief economist, head of global research and head of Americas research for CBRE outlined his top concerns for 2022.

The first threat should be no surprise to anyone: the COVID variants. First, Delta variant came, and now a new variant, Omicron, could bring another wave of infections that could result in stalled reopening plans. “We don’t know yet what that holds,” said Barkham. “The early evidence suggests that while it is more infectious, it is less deadly, and the evidence is beginning to emerge that the vaccine still provides mitigation effects on the severity of the virus.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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