Gavin R. Putland, BE PhD
| Tuesday, October 25, 2011 | (Comment) |
Slump in property sales points to recession
... In 2010-11, the index fell by the 3rd-biggest percentage on record. The biggest fall was in 1974, and was followed by recession in 1975. The 2nd-biggest was in 1989-90, and was followed by recession in 1990-91. The 4th-biggest was in 1981-2, which was a recession year, and was followed by a worse recession in 1982-3. If the fall of 2010-11 fits the pattern, there will be recession in 2011-12.
Read the full article (LVRG Blog).
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