Assessing the Purchasing Managers’ Index (PMI) in 85% of the global economies demonstrate that the world has entered recession in production. So the service section including real estate is in the upswing range.
It is expected that the global economy growth decreases from 3.25%~3.50% on 2017~2018 to 2.5%~2.75% on 2019~2021! What threatens the economy?
- US- China trade war: The cold war between China and US has various effects on countries. In North America, Mexico is the winner while in Asia, Vietnam!
- The global low inflation rate.
- Iran decision to shut down Strait of Hormuz which can significantly cause the world economy to ease off.