1、Real Estate Report2022-2023 ROMANIAMarketOverviewk n i g h t f ran k.c o m/re s earc hkeepingitrealeflate01Economic Overviewpg.4pg.10pg.16pg.22pg.32pg.36pg.26Inflation and economy to slow down in 2023,article by BT03Office Market2022-2023 Overview0204Capital MarketsA record year05Industrial Market20

2、22-2023 Overview07Tax Talkby PWC06Residential Market2022-2023 OverviewLegal Updateby Schoenherreflate4Source:BloombergGlobal industrial production(MA12,%,YoYGlobal trade(MA12,%,YoYInternational trade vs.global industrial production(MA12,YoY)Nov-09Nov-05Nov-03Nov-07Nov-17Nov-21Nov-15Nov-11Nov-13Nov-2

3、4-20%-15%-15%-10%-5%0%5%10%-10%-5%0%5%10%15%20%5dr.Andrei RadulescuDirector Analiza MacroeconomicaThe global macroeconomic climate initiated a deterioration path following the outbreak of the crisis in Ukraine,as the intensification of the geo-political tensions contributed to the fragmentation of t

4、he economic flows,the acceleration of the inflationary pressures and the persistence of the risk perception at a high level.In this context,the global economy contracted for the fifth month in a row in December,according to the PMI Composite indicator estimated by Markit Economics and JPMorgan.Furth

5、ermore,the figures released by the Bureau of Economic Policy Analysis of Netherlands show the decline of the international trade volume for the first time since 2020 in November,by 1.5%YoY.During January November 2022 the international trade and the global industrial production climbed by 3.9%YoY an

6、d 3.3%YoY on average,slowing-down from 10.6%YoY and 8.2%YoY,respectively a year ago.to slow down in 2023Romania Market Overview 2022-2023Knight FrankIn United States(the largest economy of the world,with a nominal GDP of over USD 26.1tn at the end of 2022)the leading indicators continued the adjustm