Monday, Jan 28, 2008
5.5%? and the rest......
BBC News: House prices 'to fall 5.5% then rise again', as top economist warns of recession
''A top economist warned today that the UK risked falling into a full-blown recession as it entered its weakest period of growth for more than 15 years. Roger Bootle, adviser to accountants Deloitte, said he expected the UK economy to grow by 2 per cent this year and 1.7 per cent the next, the lowest two-year growth rate since 1992.''
Posted by hpwatcher @ 12:11 PM (429 views) Add Comment
3 Comments
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1. paul said...
And yet six months ago, house prices weren't forecast to fall at all by the BBC.
??
2. bystander said...
This is a bit misleading as the article is from the Mail, which explains the fairly bullish nature of the report. Roger Bootle has been a lot more bearish in the past.
3. Tara747 said...
Wow, how utterly precise! 5.5%, there ye have it folks! Panic over!