Property News · April 22, 2020

IMF forecast of deep global recession will send investors fleeing the property market, say analysts


The International Monetary Fund’s forecast of a deep global recession is likely to send investors fleeing the property market in the foreseeable future, analysts say.The IMF said last week that the global economy would probably shrink 3 per cent this year, a much deeper slump than during the financial crisis in 2009 when growth contracted by 0.7 per cent. The downturn this year is likely to be the worst since the Great Depression almost a century ago.The grim outlook means investors will be…

Source : South China Morning Post
Read more…IMF forecast of deep global recession will send investors fleeing the property market, say analysts

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