ITEM Club: economic update
ITEM Club: economic update
- 2003
- ITEM Club economic update 8 September 2003, (5) .
Ernst and Young's ITEM Club looks at deflation. Using the HM Treasury model to analyse the implications of a GDP growth at 0.8% over the next few years. The results indicate that house prices could fall by 10% next year and by 15% in 2005 and 2006, this would mean an explosion in households with negative equity. ITEM Club attaches very low probability to such a scenario. For the news release: http://www.ey.com/global/Content.nsf/UK/Media_-_03_09_08_DC_deflation_a_real_risk. For the Item Club economic update: http://www.ey.com/global/download.nsf/UK/Economic_Outlook_for_Business_-_update_09_03/$file/Economic_Update_September_2003.pdf
ECONOMICS
DEFLATION
NEGATIVE EQUITY
HOUSE PRICES
Ernst and Young's ITEM Club looks at deflation. Using the HM Treasury model to analyse the implications of a GDP growth at 0.8% over the next few years. The results indicate that house prices could fall by 10% next year and by 15% in 2005 and 2006, this would mean an explosion in households with negative equity. ITEM Club attaches very low probability to such a scenario. For the news release: http://www.ey.com/global/Content.nsf/UK/Media_-_03_09_08_DC_deflation_a_real_risk. For the Item Club economic update: http://www.ey.com/global/download.nsf/UK/Economic_Outlook_for_Business_-_update_09_03/$file/Economic_Update_September_2003.pdf
ECONOMICS
DEFLATION
NEGATIVE EQUITY
HOUSE PRICES