City re-rating despite weak housing market

John Stewart
March 1, 2013
The economic background to the housing market is mixed, although at present negative factors appear to outweigh the positives. downside economic influences Gross domestic product (GDP) remains weak. Provisional fourth quarter GDP was down 0.3% on the third quarter and unchanged on the final quarter of 2011. Stripping out temporary distortions from the Olympics and North Sea oil maintenance, GDP …

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