LVMHF - Some malls will be winners as the U.S. economy recovers: Morningstar conference

Morningstar expects the U.S. GDP to increase about 6% this year, moderating to 4.3% in 2022, said Morningstar Senior Equity Analyst Preston Caldwell during at session called "Investing in Strange Times: 2020's Implications for Long-Term Investors." That's similar to Federal Reserve's policymakers' economic projections, The firm also expects inflationary pressures to eventually subside. High inflation is unlikely to spread from the vehicle industry to other sectors, Caldwell said, adding that "the global supply chain was caught off guard by the increase in demand" during the pandemic. Turning to commercial real estate, Erin Stafford, managing director of Credit Ratings, at Morningstar, focused on regional malls, many of which closed early in the pandemic. Commercial real estate is important to the financial sector as its debt alone is approaching $4T as the end of Q1, she said. During the past 18 months, malls have suffered a 61% loss in value, or a more than

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Some malls will be winners as the U.S. economy recovers: Morningstar conference