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October 2, 2022
HR Technologies

Fall in employment and property values is inevitable

It is already inevitable that the economic fallout from the COVID-19 pandemic will include a “big hit to commercial property values” and a rise in unemployment in the UK, according to reports from researchers Capital Economics (paywall). The economic research consultancy has downgraded its forecasts for the UK economy and, as a result, is projecting a near 10 percent decline in property values and a rapid but short-lived increase in unemployment. According to its report, “the shock should be short and sharp”, but the level of uncertainty makes long term projections more difficult. With greater travel, work and venue restrictions…
Fall in employment and property values is inevitable

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