Posts Tagged ‘drag-on-growth’
Kiplinger Letter March 5th, 2010 (The Kiplinger Letter)
The biggest soft spot in the economy: Commercial real estate. It'll be a drag on growth for at least a year. Sales are finally starting to tick upward. After sliding for six straight quarters, the value of deals made rose in the last half of 2009, buoyed by investors seeking bargains on top-tier malls, office and apartment buildings.But that's just a first step in a long slog. (Sign in to read further). Read the rest of this entry »