IMF Study Reveals How a Housing Crisis Can Hurt a Nation’s Economy for Years

January 19, 2015

A new paper by the International Monetary Fund (IMF) explains exactly why a housing bubble also manages to trigger a nation’s unemployment and lower its GDP.

 

The paper looked at the economies of four European countries that all experienced housing booms that burst – Denmark, Ireland, the Netherlands, and Spain. The analysts then drew a number of common features that, according to Business Insider, “could prove crucial to our understanding of the impact of future economic shocks.”

 

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