Monday, Apr 27, 2009
Recesion and house prices...
Bloomberg: Bootle Says U.K. Faces 1930s-Style Collapse as Home Prices Drop
The U.K.’s recession will last through the end of next year as house prices drop in an economic slump increasingly resembling that of the 1930s, former Treasury adviser Roger Bootle said. Gross domestic product will drop 1 percent in 2010 after shrinking 4 percent this year, Bootle, an economic adviser at Deloitte & Touche LLP, predicted today. U.K. house prices dropped for a 19th month in April, Hometrack Ltd. said in a separate report.
Posted by attila @ 08:24 AM (135 views) Add Comment
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