Scientific & Practical Journal
Editorial News
Dear readers! The tenth issue of LOGISTICS journal opens with a large article dedicated to the results of the BRICS Business Forum, held on October 18, 2024 in Moscow. Yulia Kislova, Director of Agency Market Guide LLC and publisher of LOGISTICS journal, attended the event and prepared an article where she paid special attention to international trade and logistical connectivity of the countries of the association. The details are in the room.
Dear readers! We present to your attention the ninth issue of the Logistics magazine, in which we have collected and combined relevant materials. On the pages of the new issue, we paid close attention to the personnel problem. You will be interested in SuperJob's research on changes in demand for personnel over the year, salaries of truck drivers and warehouse staff. Our author V.S.
Dear readers! First of all, we would like to welcome all participants of the grand industry event – the CeMAT RUSSIA exhibition, which will be held from September 17 to 19, 2024, in Moscow, Crocus Expo IEC, Pavilion 1. LOGISTICS magazine will be presented at the event, we invite you to our stand C309, where you can get acquainted with the latest issue of the magazine and find out the terms of cooperation with the editorial office.
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President-Elect Trump’s Emerging Economic Policy Agenda Could be Beneficial for European Real Estate
Anticipated expansionary fiscal policy could drive up economic growth in the U.S. over the next two years and also benefit European economies and real estate markets, according to a report released by CBRE this week. This would be particularly beneficial for those countries whose trade with the U.S. accounts for a large share of GDP, such as Germany and Ireland, as well as big service industry exporters, such as the UK.
Despite rising interest rates in the U.S., long-term interest rates will remain low in Europe over the next twelve months. Despite trend level growth, there is a feeling of fragility in Europe due to Brexit, other political events and persistent high levels of unemployment in some countries. Consequently, there is still a long way to go before the ECB’s inflation target is threatened.
Despite some concerns about U.S. companies potentially reducing their footprints in Europe, particularly Ireland, if the U.S. were to adopt more favourable tax treatment on corporate profits, we believe this risk is low as most of these companies service the European market. On the other hand, the potential for more restrictive U.S. trade policies could have negative consequences, although this is thought to be less of a risk for Europe than other parts of the world.
“European property markets will gain from higher U.S. economic growth and don’t really stand to lose from potential changes in U.S. tax or trade policies,” commented Dr. Neil Blake, EMEA Chief Economist for CBRE and co-author of the report. “Higher U.S. incomes and a strengthening dollar will also benefit the prime retail destinations of Paris and London as well as other retail hot spots including Milan, Madrid, Amsterdam and Prague.”
Dr Blake added, “There is a potential risk to real estate pricing from higher interest rates in the U.S. and any subsequent knock-on impact in Europe. However, we don’t think that rates will rise quickly in Europe, and that any increases will be offset by strengthening economic growth, which will support higher rents. European real estate continues to offer a high spread over bond yields by historical standards.”
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