October 28, 2008 United Kingdom 500,000 mortgage holders are left in negative equity after house prices dropped 15% since the previous summer, with another 700,000 mortgage holders facing the same risk if prices continue to fall [REF].
November 13, 2008: Indonesia, Malaysia, Thailand, The Philippines Equity research by Deutsche Bank states that Indonesia, Malaysia, Thailand and the Philippines should not experience a recession, despite potential harm to economic growth from falling commodity prices and possible weaker exports [REF].