Identifying house price bubbles: problems and potential indicators So, how do policymakers identify these costly house price collapses? Most house price busts are preceded by lengthy booms, so perhaps policymakers should try to identify potentially costly booms. But, even identifying a house price boom (costly or not) in real time can be challenging due to data issues regarding house price indices.
Over the short term, we expect GDP to swing from contraction this year to growth ranging from 6.5 to 7.5 percent next year and in 2022. Inflation is expected to remain within the 2.0 to 4.0 percent target range this year and until 2022. Exports will rebound from negative 16 percent this year to a growth of 5 percent next year.