Consumers are afraid that unemployment is going to rise over the next year, according to a survey by the Federal Reserve Bank of New York. Meanwhile, the commercial real estate sector braces for another downturn.
As tariffs continue to pinch businesses, growth opportunities and expansions have slowed to a halt. Todd Adams, president of Sanitube, a stainless steel tubing supplier, is currently preparing for the worst.
According to commercial real estate brokerage CBRE, office leasing activity had been up 23% year over year in the last months of 2024. But fears about the economy could impact companies’ plans.
Economic uncertainty is seeping into consumer expectations, which can become something of a self-fulfilling prophecy, an Aspen Institute economist says.
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