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

1. Real Estate Breakfast Seminar
December 2009

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

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

4. November CPI inflation projection based on £200 billion asset
purchases
…and market interest …and constant interest
rate expectations rates
West Midlands Agency

5. Quantitative Easing
West Midlands Agency

6. Nominal GDP and broad money
West Midlands Agency

7. Equity prices
West Midlands Agency

8. Investment-grade corporate bond spreads
West Midlands Agency

9. Credit Conditions
West Midlands Agency

10. Corporate credit availability
West Midlands Agency

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

12. World Economy
West Midlands Agency

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

14. UK export market share and the sterling
effective exchange rate
West Midlands Agency

15. UK Economy
West Midlands Agency

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. Consumption
West Midlands Agency

18. Business investment to GDP ratio
West Midlands Agency

19. Public sector net borrowing
West Midlands Agency

20. GDP and employment
West Midlands Agency

21. Costs and prices
West Midlands Agency

22. Distribution of private sector wage settlements
West Midlands Agency

23. Energy prices
West Midlands Agency

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. Prospects for growth and inflation
West Midlands Agency

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

27. November CPI inflation projection based on £200 billion asset
purchases
…and market interest …and constant interest
rate expectations rates
West Midlands Agency

28. www.bankofengland.co.uk
West Midlands Agency

29. QE – Stylised transmission mechanism
West Midlands Agency

30. Contributions to quarterly GDP growth
West Midlands Agency