All Commentary articles – Page 11
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White papersMacroeconomic outlook: Surprisingly resilient
The global economy has proved surprisingly resilient in 2025. In the immediate aftermath of Liberation Day, the IMF forecast that the global economy would grow by 2.8% in 2025. It now expects global growth of 3.2% this year.
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White papers2026 Investment Outlook
A spirit of endurance has characterized the market rally of the past year. This looks set to persist in 2026 as the global economy transitions to a new innovation-led regime and geopolitics enters a phase of controlled disorder.
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White papersISA Outlook 2026
As we draw the curtain on 2025 and optimistically await the premiere of 2026, we can’t help but be reminded of our similarly upbeat view last year. For this year’s outlook, LaSalle’s Research and Strategy team asks: Are we stuck in a “Groundhog Day” loop in real estate markets, or is this finally the dawn of a new cycle?
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White papersU.S. power market in a period of unprecedented growth and transformation
Following nearly two decades of stagnation, power demand is now surging, with an average annual growth rate of over 1% between 2021 and 2024, and approximately 3% growth in 2024 alone. Current long-term growth expectations range from 2% to well above 3% per year; by some measures, the U.S. is expected to add the equivalent power demand of New York over the next five years.
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White papersLifting the veil on headline CRE returns: A market ripe for alpha
It posits that headline CRE return metrics may mask underlying dispersion — creating opportunities for active investors to generate “alpha” by selectively targeting under-appreciated assets in a changing macro and financing environment.
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White papersInfrastructure gains ground as investors seek steady private market returns
Rising tensions in globalisation and constraints to public and lending markets are enabling private capital to become a key driver of resilient, long-term infrastructure investment.
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White papersUS corporate earnings season nears close
For the quarter ended 30 September 2025, over 81% of companies beat earnings expectations led by the information technology, consumer staples, and financial sectors. This is well above the historical average and the second-best since the last quarter of 2021. Along with some other factors, these earnings boosted sentiment in the stocks markets which have continued their ascent this year.
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White papers2025 Annual Sustainability Report
Now in its second year as a combined publication, IFM’s 2025 Annual Sustainability Report brings together the UK Stewardship Code submission, Climate Change Report, and Sustainable Business Report into one integrated document, offering a clear view of our sustainability approach, actions, and impact.
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White papersTen things you’ve always wanted to know about real estate debt … but were afraid to ask
On November 5, LaSalle hosted a live broadcast where we discussed Ten things you’ve always wanted to know about real estate debt … but were afraid to ask. As it turned out, we had more than ten questions put to our panel, and we have summarized them below.
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White papersThe investment case for impact in infrastructure debt
Infrastructure debt is uniquely well positioned to deliver sustainability and impact objectives – and to align strong sustainability outcomes with the potential for resilient, long-term returns.
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White papersThe Great Global Restructuring
How AI, trade, the US debt and dollar outlook are reshaping the investment landscape.
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White papersBoE stays on hold, all eyes on budget now
At its November meeting, the BoE kept its policy rates unchanged at 4%. Policymakers noted that a deceleration in overall inflation is underway, favoured by a restrictive policy stance, softening labour market, and easing services inflation. Risks around achieving the bank’s 2% inflation target are more balanced, and downside risks from weak demand have grown. Looking ahead, we expect one rate cut in December and two more next year, although further actions may depend on incoming data.
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White papersSolving for 2026
Our investment leaders break down the macro environment and its implications for equities, fixed income, and private markets in 2026.
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VideoGemcast Episode 6: Mobilising capital
In episode 6 of Gemcast we are joined by Walter Pacheco, Chairman of Kassai Capital our domestic asset manager in Angola.
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White papersChina: Strategic Choices in a Changing Century
China and the US have agreed on a one‑year pause in their trade war, signalling a willingness to manage risks. While both remain committed to enhancing their own supply‑chain and technology autonomy, this “ceasefire” should not be interpreted as a strategic reset; rather, it’s a pragmatic step towards coexistence.
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White papersCRE loan demand turns positive for the first time since 2022
The average net share of CRE loan-demand respondents turned positive (+1.7%) in 3Q 2025 — the first positive reading since early 2022 — suggesting a possible shift in credit conditions that could support a broader CRE recovery.
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White papersISA Portfolio View 2025
Two years ago, we released the inaugural edition of LaSalle’s ISA Portfolio View, where we discussed the art and science of portfolio construction and why it matters most when market conditions change suddenly. That was certainly true at the time of the 2024 and 2023 releases and remains so in 2025’s evolving market environment.
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White papersThe AI Story Isn’t Going in Circles
Skeptics of “circular” dealmaking within the AI industry may be missing the point.
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White papersAre we in an AI bubble?
In the past few weeks, I have been struck by the volume of media coverage focusing on whether investor enthusiasm for artificial intelligence is driving the market toward an “AI bubble.”
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White papersEurope’s AI challenges and opportunities
While Europe registers strength in AI research and patents, its limited funding, regulatory burden and energy-infrastructure constraints hinder the commercial scaling of AI — putting its markets at a disadvantage versus U.S. peers, though selective opportunities remain in sectors positioned for AI-infrastructure growth.
