Irish Economy: Goodbody says recovery will be U-shaped; Private sector debt levels will increase to 225% of GDP in 2009 - - among highest of developed world
Oct 15th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy: Goodbody Stockbrokers says a recovery is underway and will be U-shaped rather than V-shaped, given the scale of the task ahead in terms of fiscal consolidation and deleveraging, although economic growth is expected to return in the second half of 2010. The broker says private sector debt levels will increase to 225% of GDP in 2009.