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Filips Klavins, Managing Partner at Ellex Klavins
BRE Baltics has prepared Baltic Market Outlook for the first half of 2022. According to CBRE Baltics, the economic backdrop is becoming more challenging in the Baltics, and a period of a mild recession is becoming more realistic. Commercial real estate reacts to uncertainty. Thus, an intense run for quality assets has arisen.
At the beginning of 2022, CBRE Baltics forecasted a recovery path for the Baltic economies, with the pandemic entering the endemic stage. However, given the geopolitical tensions, the awaited post-pandemic recovery is likely to progress to a recession.
Read the entire report HERE.
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Edgars Skvariks, Corporate Public Affairs Manager at Bayer