House Price Dip Warning From Imf

Western MailMarch 11, 2004

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Summary


A sharp correction in house prices has been singled out by the International Monetary Fund as the biggest risk to UK economic prospects.

IMF directors said the UK economy had weathered the global slowdown well but pointed out that the possibility of a 'hard landing' in both house prices and domestic spending could not be ruled out.

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House Price Dip Warning From Imf

The IMF added there was a strong case for raising interest rates p...

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