A global retail report from Cushman and Wakefield today, showed global
trends continue to stay positive for shopping centre development. Crucial
additions to supply are expected between now and 2016 within major emerging
markets such as Brazil, China, India, Indonesia and Russia.
Signaling well for the property industry are the remarkable increase in ultra-high net worth individuals worldwide and improving global economic fundamentals, plus stronger consumer confidence. Global GDP is assumed to grow at a 3.4% rate, the highest since 2011. Household spending will contribute significantly to GDP gains, lead by spending in the U.S., E.U. and China. China is still assumed to record a global best at a 4.5% rise in consumer spending during this year, which will rise further to 5.1% next year.
Signaling well for the property industry are the remarkable increase in ultra-high net worth individuals worldwide and improving global economic fundamentals, plus stronger consumer confidence. Global GDP is assumed to grow at a 3.4% rate, the highest since 2011. Household spending will contribute significantly to GDP gains, lead by spending in the U.S., E.U. and China. China is still assumed to record a global best at a 4.5% rise in consumer spending during this year, which will rise further to 5.1% next year.
