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Global recession in the coming six and i2 global recession in the coming six and 12 months.— global recession in the coming six and 12 months. how deep and how lona six and 12 months. how deep and how long do _ six and 12 months. how deep and how long do you _ six and 12 months. how deep and how long do you think _ six and 12 months. how deep and how long do you think that - how long do you think that could be? it how long do you think that could be?— could be? it is interesting because _ could be? it is interesting because we _ could be? it is interesting because we look - could be? it is...

Stop we are going to get a uk recession and may be a global one as well. we are beginning to see some companies in a profit warning and a stop market and actually beginning to see one or two companies getting into financial difficulty and that's these companies seeing slowness which will reduce inflationary pressures and reduce the need for interest rate rises and maybe that's when sterling begins how high do you think uk interest rates will go? at how high do you think uk interest rates will go? at the moment they _ interest rates will go? at the moment they are _ interest rates will go? at t...

Through, so it may be that 2% takes quite a while to arrive but we do see interest rates notjust racing but beginning to start peaking out, we will see at the same time hopefully we will see inflation coming under, coming down as well, so i think we will start to see the peek out probably being more aggressive than most people think and that's partly because i think the global slowdown, the lagging effect of interest rate rises as more pronounced. so i think by this year end, will start to see inflation peeking out and i think interest rates notjust in the uk but the us as well will start to c...

Impact that likely to have on inflation? ., ., , , , inflation? inflation is still very hi . h in inflation? inflation is still very high in the — inflation? inflation is still very high in the eurozone - inflation? inflation is still very high in the eurozone becausel inflation? inflation is still very | high in the eurozone because if inflation? inflation is still very - high in the eurozone because if you look at april, the figure in annual terms is still 7%, which is too high and the ecb wants to come back to 2% but this will take some time. there is a lag in effect here because we have ...

Business to pick up? >> my business deals with larger numbers, it is an effect. plus, as a home builder, if i decide to start to build a house now, it might nots be finished for six, eights, nine months, there is a lagging effect and what the big problem is, is my business of construction as a realtor, economic uncertainty. what is it going to be like next month? it is this bad now, i'm priced out of the home market, it is affecting the realtors, i've had a couple tell me just yesterday that we're going to put our home search on hold and just rent for another year, that is the american dream, ...