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Economic forecast could be 'somewhat weaker' as a result of Middle East tensions, says Nationwide
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Economic forecast could be 'somewhat weaker' as a result of Middle East tensions, says Nationwide
Economic growth is likely to be “somewhat weaker” with higher inflation than previously projected because of geo-political tensions in the Middle East, according to Nationwide Building Society in its latest appraisal of the UK housing market. The house price index reveals current market conditions have surprised the lender, given a weakening of consumer confidence. “Despite the uncertainty caused by developments in the Middle East and the subse…
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