Irish Economy 2009: Central Bank says GNP will fall by 4.75% in 2009
Jan 29th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy 2009: The Central Bank today published its first bulletin of 2009. The Bulletin indicates that against the background of exceptionally unfavourable global economic and financial conditions and a marked weakening in domestic demand, the Irish economy is facing into a second consecutive year of contraction and adjustment. The bank forecasts that GNP (gross national product) will fall by 4.75% in 2009.