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Worst of UK recession could be over, OECD says
Monday 11th May 2009
The worst of the British recession may be over, the Organisation for Economic Co-operation and Development predicted for the first time on Monday
Desperate sellers turn to house swaps
Friday 17th April 2009
As house prices continue to fall and the economy plunges deeper into recession, the prospects for people who are forced to move are looking increasingly desperate. Rising unemployment and squeezed household finances are continuing to exert downward pressure on prices, so many vendors are shelving plans to sell, while buyers are too nervous to push ahead with a purchase.
The 10 towns where house prices will bounce back first
Thursday 12th February 2009
Property websites recorded a surge of activity in the first few weeks of this year, estate agents had a busier January than previous months and Halifax even reported a small rise in house prices.
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Worst of UK recession could be over, OECD says
Monday 11th May 2009 - Full story
Its latest "leading indicators", which are considered to be a bellwether for the global economic outlook, showed that Britain progressed from being in a "strong slowdown" to "possible trough" in March.
Based on up to 10 economic indicators per country, the OECD gauge for the UK economy rose by 0.3 points to 96.6, where any increasing number below 100 represents recovery. It was 5.4 points lower than the same time last year
Of the G7 countries, France and Italy have also reached a "possible trough" according to the OECD, whereas Canada, Japan, Germany and the US, are still in the midst of a "strong slowdown".
The US fell 0.6 points to 89.9 on the OECD scale and was 11.8 points lower than a year ago, despite upbeat comments from Ben Bernanke, chairman of the Federal Reserve, who said last week the recession could be over by the end of the year
By Angela Monaghan
Source - Telegraph.co.uk Date 11 May 2009
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