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2006 = Ftse Up, Gdp 2.3%, House Prices 20% Overvalued (still)

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"THE FTSE all-share index is set to rise by 15 per cent this year, giving investors another boom year, a leading economics think-tank said yesterday.

The National Institute of Economic and Social Research also forecast that next year the index would match its record high of 3,266 points, which it hit in 2000 at the height of the dot-com boom, as the economy regains momentum.

In its quarterly review, the institute said that the economy would grow by 2.3 per cent in 2006, up from 1.8 per cent last year, and accelerate to a 2.7 per cent growth rate next year.

Part of the cause of stronger growth was that immigration was now rising faster than previously thought, which the think-tank reckoned would add about 0.1 percentage points to the growth rate and cause inflation to soften by about 0.2 percentage points.

The institute said that house prices remained about 20 per cent overvalued, despite having stabilised in the past year. "

More: http://business.timesonline.co.uk/article/...2011456,00.html

I can't find the actual review, but is should be on this site somewhere: http://www.niesr.ac.uk/

I'm sure this will be spun by the BBC...

Edited by Jason

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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