Where these balance sheet improvements are most advanced, future financial distress will look more like what we typically see in instances of financial stress in the major economies — substantial asset price volatility and the potential for substantial financial losses, but less in the way of a significant disruption to either short - run or long -
run real economic growth.
The commercial
real estate market has exploded under Giuliani, who's been careful not to let his administration's policies keep the city from reaping the benefits of the country's long
run of
economic growth, says Charles Staro, executive officer of the New York State Association of REALTORS ®.