Irish Economy 2012: ESRI says Eurozone crisis likely to trigger recession and hit Ireland’s growth prospects
Nov 30th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy 2012: The ESRI (Economic and Social Research Institute) says in its latest commentary on Ireland's economy that the financial crisis currently gripping the Eurozone, coupled with tightening fiscal policy across the region, are likely to send the single-currency area back into recession. Against such headwinds, the public think tank says Ireland’s road to recovery will become much more difficult, dependent as it is on export-led growth.