ESRI says Irish Economy to shrink 9.2% in 2009 - - sharpest fall in an industrialised country since Great Depression; Employment to plunge by 187,300
Apr 29th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The ESRI (Economic and Social Research Institute) says today that the Irish Economy will shrink 9.2 per cent in 2009, which will be the sharpest fall in economic growth experienced by an industrialised country since the Great Depression. The ESRI says employment in 2009 will be 187,300 lower than in 2008, on an annual average basis.