UK economists are watching developments in the US in view of current concerns for the country's manu...
UK economists are watching developments in the US in view of current concerns for the country’s manufacturing industry. Colin Morton, investment director at Rensburg, says risk is high for US markets and UK investors are carefully monitoring industry data figures and reports. The slowdown in the housing market over the past three months has been more dramatic then anticipated, which Morton attributes to over-supply of land and houses and interest and mortgage rate increases. House prices have fallen by up to 15% and Morton is particularly interested in the impact of decreasing house p...
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