In this episode, Moody’s Analytics Chief Economist Mark Zandi joins us to unpack the extraordinary uncertainty facing today’s economy – on par, he says, with the global financial crisis and the COVID-19 pandemic. Drawing from insights shared during his keynote at NAIOP’s National Forums Symposium, Zandi discusses the weakening labor force, volatile economic policy, and growing pressure from tariffs and immigration shifts. He explores how inflation, interest rates, and consumer trends are affecting commercial real estate and why many developers are in a holding pattern. For an industry built on long-term decisions, navigating a short-term, policy-driven fog is a major challenge. Recorded on June 11, 2025.