Bloomberg (February 1)
2023/ 02/ 01 by jd in Global News
“Shaky property markets across much of the world pose another risk to the global economy as higher interest rates erode household finances and threaten to exacerbate falling prices.” From the U.S. to China, Australia and New Zealand, the housing slide could “threaten to undermine consumer confidence and weigh on household spending.” Moreover, “investment too could take a hit as developers scale back projects in response to falling prices, waning demand and higher borrowing costs.”
Tags: Australia, China, Consumer confidence, Demand, Developers, Falling prices, Global economy, Household spending, Interest rates, Investment, New Zealand, Property markets, Risk, Shaky, U.S.
