Nests to prove no nest egg
Sunday 05 July 1992
When compared with a real return of 4 to 4.5 per cent on lower risk financial assets such as index-linked gilts, Coopers says that housing no longer looks so attractive.
The Coopers forecast, along with a forecast from Midland Montagu, the investment bank, suggests that the British economy will show zero growth this year. In a new shift towards gloom, both break with the consensus predicting growth of 0.5 per cent.
Coopers says that zero growth is likely even if the recovery begins in the current quarter, because the starting point in the first quarter is so much lower than the average level last year.
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