Keynoter Doug Rothwell, the former director of the MichiganEconomic Development Corp. who now heads General Motors' worldwidereal estate program, sees things picking up nationally and inDetroit. "Low interest rates, tax cuts and defense spending are allboosting the US economy and we see that continuing," Rothwell toldthe 200-plus gathered at the Ritz-Carlton in Dearborn.
Rothwell said drags on the economy include rising gasolineprices, a widening trade deficit and concerns about inflation. "Butwe do think we are gaining ground economically," he says.
That's the national outlook – what about Detroit? "The economyis picking up in Detroit, but it may be a couple years before thatfilters down into a stronger commercial real estate market," headded.
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