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Property snapshot April 2009 [electronic resource]

By: Language: English Series: Property Snapshot ; April 2009Publication details: London Colliers 2009Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Reports that forecasts of GDP continue to be revised downwards, with the HM Treasury average of new independent forecasts for 2009 falling from -2.8% in mid February to -3.2% in mid March. The average 2010 forecast has also dropped from 0.5% to 0.3%, although the G20 summit has led to a bounce in equity markets. Suggests that various indicators imply that the economy is now bottoming out, with consumer and retail confidence strength being positive for the last two months.

Reports that forecasts of GDP continue to be revised downwards, with the HM Treasury average of new independent forecasts for 2009 falling from -2.8% in mid February to -3.2% in mid March. The average 2010 forecast has also dropped from 0.5% to 0.3%, although the G20 summit has led to a bounce in equity markets. Suggests that various indicators imply that the economy is now bottoming out, with consumer and retail confidence strength being positive for the last two months.

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