Real Estate Breakfast Seminar
       December 2009
November GDP projection based on market interest rate
    expectations and £200 billion asset purchases




              ...
Projection of the level of GDP based on market interest rate
       expectations and £200 billion asset purchases




    ...
November CPI inflation projection based on £200 billion asset
                        purchases



   …and market interest...
Quantitative Easing




                      West Midlands Agency
Nominal GDP and broad money




                              West Midlands Agency
Equity prices




                West Midlands Agency
Investment-grade corporate bond spreads




                                      West Midlands Agency
Credit Conditions




                    West Midlands Agency
Corporate credit availability




                                West Midlands Agency
Approvals of new loan and overdraft facilities for SMEs




                                               West Midlands A...
World Economy




                West Midlands Agency
Contributions to successive IMF forecasts for world
               GDP growth in 2010




                                ...
UK export market share and the sterling
       effective exchange rate




                                    West Midlan...
UK Economy




             West Midlands Agency
UK GDP growth


                             GDP Growth                 Percentage change
         Annual
                ...
Consumption




              West Midlands Agency
Business investment to GDP ratio




                                   West Midlands Agency
Public sector net borrowing




                              West Midlands Agency
GDP and employment




                     West Midlands Agency
Costs and prices




                   West Midlands Agency
Distribution of private sector wage settlements




                                            West Midlands Agency
Energy prices




                West Midlands Agency
CPI, RPI and RPIX inflation

                       Inflation: CPI, RPIX and RPI
                                         ...
Prospects for growth and inflation




                                     West Midlands Agency
November GDP projection based on market interest rate
    expectations and £200 billion asset purchases




              ...
November CPI inflation projection based on £200 billion asset
                        purchases



   …and market interest...
www.bankofengland.co.uk




                          West Midlands Agency
QE – Stylised transmission mechanism




                                  West Midlands Agency
Contributions to quarterly GDP growth




                                        West Midlands Agency
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The credit crunch and economic outlook for real estate presentation

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Blake Lapthorn solicitors' Real Estate team held a seminar on the credit crunch and economic outlook for real estate on 11 December 2009.

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The credit crunch and economic outlook for real estate presentation

  1. 1. Real Estate Breakfast Seminar December 2009
  2. 2. November GDP projection based on market interest rate expectations and £200 billion asset purchases West Midlands Agency
  3. 3. Projection of the level of GDP based on market interest rate expectations and £200 billion asset purchases West Midlands Agency
  4. 4. November CPI inflation projection based on £200 billion asset purchases …and market interest …and constant interest rate expectations rates West Midlands Agency
  5. 5. Quantitative Easing West Midlands Agency
  6. 6. Nominal GDP and broad money West Midlands Agency
  7. 7. Equity prices West Midlands Agency
  8. 8. Investment-grade corporate bond spreads West Midlands Agency
  9. 9. Credit Conditions West Midlands Agency
  10. 10. Corporate credit availability West Midlands Agency
  11. 11. Approvals of new loan and overdraft facilities for SMEs West Midlands Agency
  12. 12. World Economy West Midlands Agency
  13. 13. Contributions to successive IMF forecasts for world GDP growth in 2010 West Midlands Agency
  14. 14. UK export market share and the sterling effective exchange rate West Midlands Agency
  15. 15. UK Economy West Midlands Agency
  16. 16. UK GDP growth GDP Growth Percentage change Annual 6 Quarterly 4 2 0 -2 -4 -6 -8 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 West Midlands Agency
  17. 17. Consumption West Midlands Agency
  18. 18. Business investment to GDP ratio West Midlands Agency
  19. 19. Public sector net borrowing West Midlands Agency
  20. 20. GDP and employment West Midlands Agency
  21. 21. Costs and prices West Midlands Agency
  22. 22. Distribution of private sector wage settlements West Midlands Agency
  23. 23. Energy prices West Midlands Agency
  24. 24. CPI, RPI and RPIX inflation Inflation: CPI, RPIX and RPI Percentage change on a year earlier 7 CPI RPIX 6 RPI 5 4 3 2 1 0 -1 -2 -3 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 West Midlands Agency
  25. 25. Prospects for growth and inflation West Midlands Agency
  26. 26. November GDP projection based on market interest rate expectations and £200 billion asset purchases West Midlands Agency
  27. 27. November CPI inflation projection based on £200 billion asset purchases …and market interest …and constant interest rate expectations rates West Midlands Agency
  28. 28. www.bankofengland.co.uk West Midlands Agency
  29. 29. QE – Stylised transmission mechanism West Midlands Agency
  30. 30. Contributions to quarterly GDP growth West Midlands Agency

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