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Economy downturn Part 8
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Possible length of the recession!
It is an impossible answer, even for the best economist, it is like asking, how long is a piece of string?
The economists are currently planning a variety of possible outcomes. The good thing is they all confirm that the recessions will end, because every recession has always ended, but unfortunately it has a lot of casualties to go with that i.e. people being repossessed
Economy Downturn Part 6
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Are all the incentives good enough?
Could this be a short, sharp recession? If the main problem was only the economy, it probably might be.
In 1992 the government ended of the last recession which saw a record number of people being repossessed, the government took measures and they are implementing those measures again today, but the government realise that there is a difference. The difference in the financial credit crunch is simply because the banks are concerned about lending to one another.
Economy Downturn Part 2
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Timing Why Now
Household Dept has been building up over the last 10 years it has now reached a level where consumers have a debt of approximately £1.4 trillion collectively, and people are being repossessed every day.
