Inthe UK, the jobless rate isexpected to risefrom 7.6% to 9.3% -itshighestlevelsince the early 1990s, butslightlybelowthe double-digit rates expected in the US, Germany, FranceandItaly.
Before that there were 13 rate increases between March 2010 and October 2011 to control inflation which touched a double-digit level in September 2011.
RealtyTrac reports 30 consecutive months of declines on a national level, driven largely by double-digit declines in many of the traditional foreclosure hotspots like California, Arizona, Georgia and Michigan.