A new survey of 249 U.S. CFOs, this time by Grant Thornton, conveys a “best of times, worst of times” vibe, with 72% expecting interest rate hikes to create a recession.

Over the next six months is when the doom and gloom settle like the opening of a mediocre English murder mystery. Only 39% of those responding had a positive outlook for the nation’s economy and 30% are considering layoffs. Not good news for the CRE office segment, which is already under pressure from trying to understand what space use will be like going forward.

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Erik Sherman

 

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