×

US Losing Edge in Business Dynamism: Realty Developer

Of the 15 most important world economies, the United States ranks in the middle in terms of economic and business dynamism, Hamid Moghadam, chairman and CEO of AMB Property, an international industrial realty developer which focuses on distribution, told CNBC Tuesday.

"We used to be one of the more user-friendly countries to business- I think we're part of the middle to the lower part of the pack now," Moghadam said. "Brazil is on fire; China is pretty strong; Canada is good. The United States would fall in the middle with Europe, and Japan being the slowest."

In order for small business confidence to improve, the government should implement more consistent policies, Moghadam went on to say. Also, most emerging economies have simpler ways of doing business, he pointed out.

This follows a slight uptick in small business optimism, according to the National Federation of Independent Business. The Small Business Optimism Index edged up 0.7 points to 88.8 in August. Although a double-dip recession in the United States is possible, said Moghadem, it remains unlikely.

"This is not a difficult prediction to make," Moghadam added. "The recovery has to do with how much we fell off the cliff. We fell off the cliff in terms of global trade by about 15 percent- so the fact that we're back almost to where we were- is just a good sign."