Thursday, Nov 20, 2008
Any bets on 2 years?
reuters: Recession to last more than a year
The recession is likely to last more than a year as growth falls off a cliff despite the Bank of England continuing to hack away at interest rates as inflation comes down, according to a Reuters poll.
Posted by mark @ 03:34 PM (228 views) Add Comment
1 Comment
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1. Rimmer said...
5 to 7 years and then a very slow recovery.
House prices as a ratio of wages to prices will NEVER EVER be the same again, of course house prices will go up but it is very likely houses wll become liabilities ( well they are now if your in negative equity )