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A double dip recession?

It looks like the rate of house price decline has now slowed down considerably.  In a year’s time we may even see an annual increase.  That is unless we experience a ‘double dip’ recession and prices start falling again.  A key indicator is unemployment data.  What are your thoughts.

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  1. August 24th, 2009 at 17:43 | #1

    The definition of a double dip recession is when gross domestic product (GDP) growth returns to being negative after a quarter or two of positive growth. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession.

    I think a volatile double dip is not likely, yes we may have a negative movement, but it will not be as large as the first one. It could be flat for awhile – flat prices are not necessarily a bad thing.

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