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The Second Half

Executive Watch readers cast their vote last week and provided insight on how a large cross-section of industry professionals are betting on the recovery. Only 17% feel that the Q4 of this year will begin to show signs of recovery, while the largest group, 44%, voted that the recovery will kick into gear by the middle of 2010. Alas, there is still a large group of professionals and executives–37%–that are not holding out much hope for a recovery until 2011. How one voted depends on where they sit. Service Companies are expecting that 2010 will show increased transactional activity, so they will be more optimistic, while investors are still skeptical about sellers biting the bullet on pricing, with another year mostly on the sidelines. All of this translates to a slow recovery, and hiring activity is going to reflect this; some pick-up in Q4 2009, hiring back in gear in 2010 and back to normal in 2011.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.

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