Treasury admits housing market miscalculation
Language: English Series: Financial Times ; 11 February 1992, 5(1)Publication details: 1992Subject(s): Summary: The Treasury admits that its forecasting techniques have failed to take into account the extent to which the depression in the housing market has influenced the recession. The Treasury is expected to introduce a new form of computer model incorporating new equations between consumer spending and the value of housing stock.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2807-34 (Browse shelf(Opens below)) | 1 | Available | 33334-1001 |
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The Treasury admits that its forecasting techniques have failed to take into account the extent to which the depression in the housing market has influenced the recession. The Treasury is expected to introduce a new form of computer model incorporating new equations between consumer spending and the value of housing stock.