Wednesday, Nov 01, 2006

A house price crash is that serious?!

Daily Telegraph: US housing crash could bring UK down with it

Edmund Conway writes of Peter Warburton who says, "There is an increasingly large possibility of a scenario where, frankly, economic activity could fall quite materially. In short, I do not believe that the UK has become a more stable economy." This was helpful but to balance up the article for the less bearish, he quotes Trevor Williams, the chief economist at Lloyds TSB Financial Marketswho is predicting that after expanding by 2.8pc this year, the UK will grow at 2.9pc next year. You decide but Edmund's leaning closer to Peter Warburton this time!

Posted by hainsworth @ 10:47 AM (383 views)
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