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05th of October 2010
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News Tag: prediction

September 20, 2010

CEBR: Global economy not heading for double dip

by Kay Murchie
”CEBR:
Influential think tank, the Centre for Economics and Business Research (CEBR), has today said the world is not in danger of a double-dip recession. Despite this, it has revised its growth forecasts downwards, now predicting that the global economy will expand by 3.5% this year and 3.4% next year. Down from the 3.7% and 4.1% respectively. Other economic forecasts are ...



July 18, 2010

One in three chance of double-dip recession

by David Masters
One in three chance of double-dip recession
Britain has a one in three chance of going back into recession before 2012 because of the government's spending cuts, a Legal & General economist has claimed. James Carrick said the government's growth forecasts are too optimistic, and said the economy's health is not as strong as many investors believe. "The government forecasts private sector growth of over 6% per year, more ...



April 12, 2010

Swiss bank UBS expects higher profits

by Kay Murchie
”Swiss
UBS has today said it is predicting a net profit of SwFr2.5 billion (£1.5 billion, $2.4 billion) for the first three months of 2010. The prediction comes ahead of the Swiss banking giant‘s shareholder meeting on Wednesday and the stock gained more than 3% in Frankfurt following the announcement. UBS is among one of the worst hit victims of the credit crunch due ...



March 8, 2010

Recovery will be “sluggish”, expert claims

by David Masters
Recent increases in the purchasing managers index (PMI) should not be taken as an indication that Britain is entering a strong recovery, one expert has claimed. Vicky Redwood, economist at Capital Economics, said economic recovery will be "sluggish" over the next two years. She made the remarks despite conceding that PMI data released this week was "pretty positive". Both the manufacturing and service sectors have seen expansion, easing worries ...



October 15, 2009

Assetz believes ‘double dip’ still unlikely

by Kay Murchie
Assetz believes 'double dip' still unlikely
A double dip recovery in the housing market is unlikely according to investment company Assetz. According to the Halifax and Nationwide, house prices have been rising over the last few months but many experts are predicting that house prices will fall again, resulting in a double dip (or a W-shaped recovery). Last month, the Ernst & Young Item Club, a respected group of ...



August 20, 2009

Historically low interest rates to stay for years, predicts top economist

by Kay Murchie
”Historically
Gerard Lyons, chief economist at Standard Chartered Bank, is predicting that interest rates could remain at historically low levels for many years to come. Interest rates currently stand at 0.5% - the lowest level since the Bank of England was established over 300 years ago. According to Mr Lyons, it is quite likely that the Bank of England’s ...



August 4, 2009

Housing expert slates NHF forecast

by David Masters
Housing expert slates NHF forecast
Property prices will "really start to improve" in 2010, a housing market expert predicted this week. Peter O'Donovan, head of mortgages at Bestinvest, made the remark following predictions by the National Housing Federation(NHF) that the housing market will not fully recover until 2014. The NHF's forecast, which sees house prices continuing to fall through 2010, is a "bit too long", O'Donovan said. "Next year would ...



June 22, 2009

CEBR study reveals gloomy outlook for business services sector

by Kay Murchie
”CEBR
There is bad news today with regard to UK jobs after the Centre for Economics and Business Research (CEBR) warned that 334,000 jobs will be axed across the business services sector by 2011. The study suggests that the credit crunch and recession will result in more than half of the jobs that were created in the sector during the ...



December 22, 2008

Hometrack sees house price falls into 2010

by Gill Montia
Hometrack sees house price falls into 2010
Hometrack is predicting that UK house prices will fall by a further 10% during 2009, with the decline continuing in 2010 but slowing to three per cent over the year. The property intelligence website estimates that the average cost of a home has fallen by a modest 9% this year, compared with Nationwide at minus 13.9% and Halifax at minus 14.9%. According ...



December 21, 2008

Halifax and Nationwide silent on 2009 house prices

by Gill Montia
Halifax and Nationwide silent on 2009 house prices
Such is the state of the UK housing market and economy that Halifax and Nationwide are opting out of making house price forecasts for 2009, although Halifax blames its merger with Lloyds TSB for its abstinence. Both lenders will continue to publish their monthly indices, which in the case of Halifax showed a 14.9% annual decline in November, slightly ahead ...




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