Irish economy is forecast to contract by 3.0% this year but will return to growth of 2.0% in 2011 - - measured in GNP terms
Mar 23rd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Irish economy is forecast to contract by 3.0% this year, but will return to growth of 2.0% in 2011, measured in GNP (gross national product) terms rather than GDP (gross domestic product) which isn't adjusted for the big impact of foreign owned firms in the economy.