Concern that overvaluation,low interest rates and loose lending will affect stabilityA growing number of homes in the US and China are teetering on the brink of a price slump that would drag their economies into a recession, the International Monetary Fund has warned.
Using the latest evidence from global housing markets, or the Washington-based organisation said there was a clear increase in the risk of a housing price collapse in both countries after years of ultra-low interest rates and loose lending by financial institutions. Related: A burst of good news can’t cloak the economic hazards ahead in 2019 Related: Raft of woeful forecasts spells an halt to Trump’s economic bragging rights Continue reading...
Source: theguardian.com