Property indices strong, but oil prices may drop

The effects of a slower world economy are now being seen across industries, writes Business Editor Eamon Quinn.

7th October, 2006

The world economy is slowing and interest r a t e s a r e climbing, so are commercial property indices across Europe are tumbling? Well, no.

Property indices, including those tracked by research firm IPD, remain strong across most of Europe. The Indian and Chinese economies are still expanding and continue to burn increasing amounts of oil. So should the price of oil remain at its (relatively) strong level of around $60 a barrel?...

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