Irish Economy: Davy says economy will shrink by 3.5% in 2009 - the biggest plunge since 1950’s; National debt to soar
Oct 13th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy: Davy Research said today that the economy is set to contract sharply in both the rest of 2008 and 2009. GNP is expected to decline 2% in real terms this year. Next year, the economy may shrink by 3.4% in volume and by 3.5% in nominal terms - the biggest plunge since the 1950's.