When the Roof Fell in  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 398 no. 8723 (Mar. 2011), page 6-10.
Topik: economies; Residential investment;
Fulltext: When the roof fell in(ros).pdf (28.73KB)

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Property can cause huge problems, but the sector also traditionally leads economies out of recession. Housing is far bigger and more important than commercial property. Residential investment, which is driven by new housing starts, makes up a large chunk of the volatile bit of the economy. That means changes in residential nvestment have a disproportionate impact on rates of GDP growth. It has played a big part in driving previous post-war American recoveries, and many assumed the same would happen this time round. Things have not worked out that way. Around much of the rich world, hopes that housing markets would be well on the road to ecovery by now have been disappointed. Not everyone is glum. Renters are not bothered by falling prices, and the cash-rich are still having a high old time. But for most people property is a source of worry.

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