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In this two part video series, CCIM Chief Economist K.C. Conway, CCIM, MAI, CRE, joins the host of America’s Commercial Real Estate Show to discuss what to expect move forward. Among the discussions expectations for jobs, property values, and economic recovery timing. He notes he is particularly concerned about leisure and travel, which he notes is 10% of global GDP, believing there is more pain in this sector to come. He believes unemployment will remain at 10.5% in the first half of next year as structural damage hinders a full recovery to pre-coronavirus levels.
