Thursday, April 17, 2008

London may lose 40,000 City jobs as a result of the sub-prime crisis and global credit crunch, according to analysts at JP Morgan Chase.

City may lose 40,000 jobs, predicts JP Morgan

JP Morgan's new estimate came from its property team, rather than its economists, who said in a note: "We expect a potential 40,000 job losses in the City and minus 16pc rental growth."

Posted by chris @ 12:26 AM (356 views)
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