Ireland Joins Iceland, Russia, Spain, Others, Succumbs To GD2
AFP:
Ireland slashes growth forecasts
...The country now forecasts a decline in Gross Domestic Product (GDP) of 7.7 percent this year, and a contraction of 2.9 percent next year before returning to growth of 2.7 percent in 2011...
"We are the living witnesses to the most dramatic collapse in the world financial order since 1929," he told lawmakers in Ireland's lower house of parliament...
Coupled with its ballooning public sector deficit, Ireland's jobless toll has soared to 11 percent, consumer spending has collapsed by a fifth, and its property bubble has burst, with house prices down over 40 percent so far...
Source: Google.com
Ireland slashes growth forecasts
...The country now forecasts a decline in Gross Domestic Product (GDP) of 7.7 percent this year, and a contraction of 2.9 percent next year before returning to growth of 2.7 percent in 2011...
"We are the living witnesses to the most dramatic collapse in the world financial order since 1929," he told lawmakers in Ireland's lower house of parliament...
Coupled with its ballooning public sector deficit, Ireland's jobless toll has soared to 11 percent, consumer spending has collapsed by a fifth, and its property bubble has burst, with house prices down over 40 percent so far...
Source: Google.com