Comments | the_recession: Ireland Joins Iceland, Russia, Spain, Others, Succumbs To GD2

cieldumort in the_recession

Ireland Joins Iceland, Russia, Spain, Others, Succumbs To GD2

Apr 07, 2009 14:40

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 ( Read more... )

ireland, unemployment, gdp, depression circa 2009

Comments 8

volksjager April 7 2009, 20:22:24 UTC

The joke going around according to friends is...

"whats the difference between Iceland and Ireland financially ?"

"one letter"

cieldumort April 7 2009, 20:29:06 UTC

Tell 'em they need to just "chill"

dimal0 April 7 2009, 23:13:39 UTC

Originally it was "one letter and six months".

volksjager April 8 2009, 00:08:26 UTC

That was 6 months ago...

peamasii April 7 2009, 22:03:02 UTC

That means it's doing a lot better than the UK.

cieldumort April 7 2009, 22:19:13 UTC

Why do you say that?

peamasii April 7 2009, 22:20:48 UTC

because i think the figures are a lot worse for the UK

cieldumort April 7 2009, 22:28:50 UTC

Hmmm...

They're pretty bad in the UK, but best I can tell, you do not have 11% headline unemployment, and your GDP isn't on track to decline by 7.7% this year.