The turbulence in the credit market which began in the summer could trigger a recession in the US next year, warns Global Insight, the monthly investment overview published by Standard Life Investments. The investment house also forecasts a drastic slowdown in other economies; both trends seriously impacting public sector finances.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
