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USA economic woes: PRimage comment « PRImage

USA economic woes: PRimage comment

Having recently returned from a business trip to America Judy Viitanen has seen first hand the impact that the credit crunch is having on US consumers and business. Latest news shows that US consumer confidence has fallen to its lowest for 16 years, and that US home prices have fallen at a record pace. This is bad news – the PRimage team believe this trend in declining house prices could very likely prolong the economic slowdown and cause further pain for homeowners facing foreclosure.

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