Collateral damage
Language: English Series: Economist ; 388(858) 5 July- 11 July 2008, 43-44(2)Publication details: 2008Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L144318 (Browse shelf(Opens below)) | 1 | Available | 144318-1001 |
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.