2 posts tagged “china”

The 760,000 jobs lost this year through September could double or even triple over the next 18 months according to a Jones Lang La Salle report, while the International Monetary Fund (IMF) has slashed projections for growth of the world’s richest economies for 2009 (originally projected at 0.5% growth, the IMF revised their numbers, calling for a 0.3% shrinkage -- the first contraction since WWII).

"Translating this to property fundamentals, occupancy declines across most property types are expected to accelerate over the next six to 12 months as businesses adjust to revised demand, enhancing tenant level and driving down rents further," JLL said in its bi-monthly world market report.

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