STRESSED OUT
STRESS TEST MODEL:
Peak to trough fall in GDP of 6%
REALITY:
GDP has now declined 4.1% from its peak in the first quarter of 2008
STRESS TEST MODEL:
Unemployment will rise to just over 12%
REALITY:
Unemployment is currently 7.1% for the three months to March 2009
STRESS TEST MODEL:
House prices will fall 50% to peak to trough
REALITY:
According to the Halifax, house prices are down 22% from
their August 2007 peak
STRESS TEST MODEL:
Commercial property prices will fall 60% to peak to trough
REALITY:
According to Investment Property Databank, UK commercial property prices are down 42.7% in April from their June 2007 peak