Friday, May 2, 2008

UK to Be Hard Hit By Credit Crunch

Jim ONeill, chief economist at Goldman Sachs who correctly predicted the fall in US house prices has warned that the UK economy will be hard hit by the global credit crunch.He warns that UK mortgage markets appear effectively frozen, even the Bank of England’s attempt to inject liquidity into the market doesn’t seem to be [...]

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[Source: Finance Blog]

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