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UK risk of property double dip increases
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Published by Belfast Telegraph
Thursday, 7 October 2010
Thursday, 7 October 2010
The world economy faces a marked slowdown later this year with “persistently high” unemployment and the UK runs the risk of a “double dip” in the property market, the International Monetary Fund has warned.
As the fund and the World Bank prepare for their annual meetings in Washington, the IMF’s World Economic Outlook points to still-high house prices in Britain as being “worrisome”, despite measures such as two stamp duty holidays to boost demand.
