1、Economies202120222023 FU.S.4.78.04.7U.K.2.69.17.8Euro Area2.68.45.3Australia2.86.65.9New Zealand3.97.35.4India5.16.75.4Singapore2.36.13.5Korea2.55.13.4Mainland China0.91.92.8Hong Kong SAR1.61.82.7Japan-0.22.51.3-50%-40%-30%-20%-10%0%10%20%30%40%KoreaAustraliaSingaporeIndonesiaThailandIndiaJapanMalay2、siaNew ZealandHong Kong SARTaiwanMainland ChinaRevPARADR Copyright 2023.All rights reserved.This report has been prepared in good faith,based on CBREs current anecdotal and evidence based views of the commercial real estate market.Although CBRE believes its views reflect market conditions on the dat3、e of this presentation,they are subject tosignificant uncertainties and contingencies,many of which are beyond CBREs control.In addition,many of CBREs views are opinion and/or projections based on CBREs subjective analyses of current market circumstances.Other firms may have different opinions,proje4、ctions and analyses,andactual market conditions inthe future may cause CBREscurrent viewsto later beincorrect.CBREhasno obligation to update itsviewshereinifits opinions,projections,analyses ormarket circumstances laterchange.Nothing in this report should be construed as an indicator of the future p5、erformance of CBREs securities or of the performance of any other companys securities.You should not purchase or sell securitiesof CBRE or any other companybased on the views herein.CBRE disclaims all liability forsecurities purchased or sold based on information herein,and by viewing this report,you waive all claims againstCBRE as well as against CBREs affiliates,officers,directors,employees,agents,advisers and representatives arising out of the accuracy,completeness,adequacy or your use of theinformationherein.