Collateral damage
Collateral damage
- 2008
- Economist 388(858) 5 July- 11 July 2008, 43-44(2) .
Article details how current threats to the housing market will affect the economy in wider terms. Details that the number of mortgages offered; property values and property turnover have all fallen dramatically in recent months and that these facts will significantly affect consumer spending. Posits that a fall in consumer spending could realistically lower GDP growth, at a rate determinded largely by the link between falling house values and consumer expenditure.
CREDIT CRUNCH
United Kingdom--
Article details how current threats to the housing market will affect the economy in wider terms. Details that the number of mortgages offered; property values and property turnover have all fallen dramatically in recent months and that these facts will significantly affect consumer spending. Posits that a fall in consumer spending could realistically lower GDP growth, at a rate determinded largely by the link between falling house values and consumer expenditure.
CREDIT CRUNCH
United Kingdom--