Bob Mathews Steps Back As Leader Of Colliers Atlanta

Current economic conditions most closely resemble the stagflation era of the 1970s, and the risk of a global recession as a result is growing larger every day, according to the World Bank in the latest edition of its semiannual Global Economic Prospects report.

The World Bank issued the dire warning Tuesday morning, citing the toll on the economy of ongoing war in Ukraine, crippling supply chain hitches, Chinese coronavirus-related lockdowns, and the spiking prices of gas and food.

A cascade of problems is “hammering growth,” David Malpass, president of the 189-member country institution that attempts to set policy and add financial stability to developing and emerging nations, said in a statement. “For many countries, recession will be hard to avoid.”

Read the full story here.

In Case You Missed It...

The May acquisition of CatchMark Timber Trust by PotlatchDeltic Corp. reduced the number of REITs specializing in timberland from four to three, the latest fluctuation in the production of lumber badly needed by developers and builders across the U.S.

Although the two companies only control a small percentage of U.S. timberlands, which provide the raw material for lumber used as building materials, the deal marks the further consolidation of the wood products industry at a time of unprecedented price volatility. Increased concentration might mean more stable prices for lumber — but at a high level.

Read the full story here.