Tuesday, November 13, 2012

Zombie economy – zombie housing sector?

'Zombie' companies eating away at economic growth

You may have seen zombies in horror movies - the bodies of lost souls, neither alive nor dead - but experts are increasingly talking of a zombie colony in the UK economy, which is expanding and threatening to impede recovery and a return to growth. The rise of so-called zombie companies is, to some extent, a consequence of the UK's current record low interest rates.

Posted by hpwatcher @ 07:07 AM (1065 views)
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