Irish economy is in recession following contractions of GDP in both the first and second quarters of 2008; First full year contraction since 1983 expected
Sep 25th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Irish economy is in recession following contractions of GDP (Gross Domestic Product) in both the first and second quarters of 2008. The last full year recession in Ireland was in 1983 and the remaining two quarters of the year are also expected to show contractions.