The continued spread of the coronavirus (COVID-19) is forcing governments to take drastic measures to take back control over the human impact of COVID-19 and reduce the number of contaminations. There is no doubt that this pandemic is equally having a detrimental impact on the global economy. 

Europe’s major economies are bracing themselves for a triple hit of slowing growth, ongoing trade wars and Brexit uncertainty. For real estate investors, Europe still remains an attractive home for global capital, compared with other parts of the world. But after more than 10 years in the current cycle – and at a time of record dry powder – questions are increasingly being asked around how much longer it can run, and whether the European Central Bank’s latest stimulus programme will prolong the cycle further. David Rea, chief economist for EMEA at JLL, gives his outlook on the big topics facing Europe’s economies going into 2020.