Kyoto
- 26 Oct 2007 04:14
- 3 of 50
Morning all. Market reports:
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This is Money
America's sub-prime mortgage crisis is likely to claim the homes of two million families according to an influential congressional committee which warned today that foreclosures pose a grave threat to the US economy.
'We are headed for billions in lost wealth'
Identified as one of the bright spots in the global economy, China recorded more double-digit growth in the third quarter, though the great expansion is slowing. The robust annualised 11.5 per cent jump in output for the three months to September revealed yesterday is down from the near- 12 per cent figure for the previous quarter. Next year, the IMF expects Chinese growth to slow to 10 per cent.
China's growth slows to 11.5%