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The recession hits home
Wednesday, January 28, 2009 4:55 PM

How far could housing investment fall in the current crisis? The chart below shows how much further spending could still weaken before reaching previous lows. Source: OECD Economic Outlook database Housing investment covers public and private spending on construction and renovation. In many OECD countries spending, calculated as a percentage of GDP, still remains... Read More...

by Cynthia Coutu | 2 comment(s)

Filed under: economy, housing, crisis