Economic downturn headlines
by Catherine Woods - Thursday, 2nd October 2008 - - Business comment
There’s more doom and gloom in the news today about the economic downturn.
Here’s a summary:
Britain is edging closer to a recession, prompting calls for an interest rate cut.
House prices are plummeting.
Manufacturing is in decline.
M&S sales have dropped
Banks are getting stingy on credit.
(Regarding the last headline, though, I remember the papers predicting this about two months ago. And shortly afterwards, HSBC increased my credit card limit, without asking, by £1,500. Go figure.)
But for a credit crunch-related story that’s not going to drive you to drink, check out the BBC’s Magazine Monitor. My new-found love for chocolate has been explained…
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Related tags: economic downturn, credit crunch, housing prices, interest rates, recession,
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