Irish economist Prof. Morgan Kelly of UCD isn’t the only one with a gloomy outlook on house prices and last week in Washington DC, IMF (International Monetary Fund) economist Prakash Loungani, forecast more falls in both the US and Europe.
Related posts:
- Eastern Europe poised for recovery: IMF; Economist says look East to see benefits of austerity and reform
- Irish house price falls accelerated in June; Price of apartments in Dublin 54% lower than in February 2007
- IMF says debt retrenchment in Europe will be “extremely painful” and take up to 20 years
- Germany faces debt tsunami; Economist says Greece should quit Euro; Irish clamour for default
- House prices in Europe remain above long-term average; Further price declines likely in Spain, Ireland, the Netherlands, Italy and France