physics assignment class 10.docx - if house prices start...

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if house prices start falling more sharply the risks facing the economy will worsen considerably. cbi chief economist ian mccafferty said the economy had slowed in recent months in response to rate rises but that it was difficult to gauge from the christmas period the likely pace of activity through the summer. the bank is having to juggle the emergence of inflationary pressures driven by a tight labour market and buoyant commodity prices against the risk of an over- abrupt slowdown in consumer activity he said. interest rates are likely to remain on hold for some time. on thursday there was more gloomy news on the manufacturing front as the office for national (ons) statistics revealed british manufacturing output unexpectedly fell in november - for the fifth month in the past six. the ons said manufacturing output dropped 0.1% in november matching a similar unrevised fall in october and confounding economists expectations of a 0.3% rise. manufacturers organisation the eef said it expected the hold in

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