"The economy is poised for its weakest period of growth since the Exchange Rate Mechanism crisis of 15 years ago, with a danger that it could slide into recession, according to a forecast for Deloitte, the accountancy group.
Roger Bootle, economic adviser to Deloitte, said that the growing vulnerability of the housing market would be instrumental in the downturn.
Deloitte’s quarterly economic review predicts that house prices will slump by 5 per cent this year and 8 per cent next year..."
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