Irish Economy: No exit from recession in Q1 2010 as GNP fell in quarter while GDP rose 2.7%; Current account deficit was €1.62bn
Jun 30th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy:
No exit from recession in Q1 2010 as GNP fell in quarter while GDP rose
2.7%. Initial estimates for the first quarter of 2010 show an increase, on a seasonally adjusted basis, of 2.7 per cent in GDP and a decline of 0.5 per cent in GNP compared with the previous quarter. In comparison with the corresponding quarter of 2009, GDP at constant prices was 0.7 per cent lower while GNP was 4.2 per cent lower.
The current account deficit for the first
quarter 2010 was €1.62bn.