Key investment opportunities emerge from real estate downturn
PGIM Real Estate’s Australian head Steve Bulloch anticipates more challenges to come for some assets in the country’s commercial real estate market this year.
The shock stemming from the conflict in Ukraine, based on slower economic growth and higher inflation in the eurozone, puts the European Central Bank in a difficult situation, PGIM Fixed Income says. High energy prices feeding through to inflation and squeezed incomes will likely create a dilemma among policy makers on how to act, the asset-management firm says. A further challenge relies on the fact that the impact of the conflict inside the eurozone is asymmetric, with countries such as Germany and Italy more exposed to it, PGIM Fixed Income says. "Shocks with an asymmetric regional impact also raise the prospect of euro area fragmentation, with concerns that economies such as Italy may be unable to finance their debt levels," it says.
The Fallout and Long-term Implications
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PGIM Real Estate’s Australian head Steve Bulloch anticipates more challenges to come for some assets in the country’s commercial real estate market this year.
David Hunt, President & CEO of PGIM, joined Bloomberg Surveillance for a conversation about the wide range of opportunities and challenges in financial markets.
Shahzad speaks to finding inspiration in her family, building confidence and how she lives her life steadfast in her conviction that women can do anything.