Tue, Sep 30, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Emerging Trends, Market Moves, Research more

IMF: UK recession coming and house prices to fall up to 30%

Posted on 09 October 2008

From Belfasttelegraph.co.uk: The International Monetary Fund (IMF) became the latest body to predict a recession in the UK, when it radically downgraded its forecasts for British economic growth yesterday, and declared house prices 20 to 30 per cent overvalued.

The IMF’s biannual World Economic Outlook report said that “the world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s… The major advanced economies are already in or close to recession”….. Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930