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Added on the 13/12/2018 19:59:47 - Copyright : Wochit
In March, the US Federal Reserve's lowering of interest rates fueled a housing boom. According to Business Insider, the Federal Housing Finance Agency says that the explosion shows no signs of subsiding. A seasonally adjusted index of prices rose 1.7% in September from the prior month, and prices jumped 7.8% from their year-ago period. Mortgage rates hit their thirteenth record-low of the year last week. The average 30-year fixed-rate mortgage rate fell to 2.72% from 2.84%. However, experts say the good times in the housing market aren't likely to last forever. We expect some moderation in the pace of housing starts in the face of the rapidly escalating health crisis, a faltering recovery, and softening labor market gains. Nancy Vanden Houten, Lead US economist, Oxford Economics
A US stimulus package in the order of the $2.2 trillion CARES act approved in March would increase growth by two percentage points next year, the IMF's chief economist tells AFP. SOUNDBITE
As new figures show the UK is in recession, with two successive quarters of falling GDP in Q3 and Q4 2023, the UK's Chancellor of the Exchequer Jeremy Hunt says that the economy is "more resilient than most people predicted" and insists that the government will "stick to our guns" on its plans to bring down inflation. News of the recession comes as voters go to the polls in two by-elections on Thursday, with the Conservatives fearful of losing one-time strongholds in Wellingborough, central England, and Kingswood in the southwest. SOUNDBITE
"The Prime Minister claimed that he was meeting us to prepare a general policy speech, but instead we got the impression that he was preparing a programme of general suffering," says Manuel Bompard Gabriel, far-left France Unbowed (LFI) MP for Bouches-du-Rhone, denouncing a "huge increase in the cost of living" as France Unbowed MPs were met in Matignon by Gabriel Attal. IMAGES
Série à suivre en France à l'heure US sur Canal+ Séries - Ce spin-off de The Walking Dead dévoile les prémices de l'épidémie en Californie, à travers les mésaventures d'une famille recomposée.
Philippine Nobel laureate Maria Ressa calls the transition to current administration "lifting of fear" after being acquitted of her final tax evasion charge, in the latest legal victory for the veteran journalist as she battles to stay out of prison. SOUNDBITE
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