Ireland’s Economy May Not Need the Luck of the Irish to Recover
Charlie Price submits:
St. Patrick’s day celebrations have already been in full swing in Ireland, leading up to the big day this Wednesday. The Irish would never let any economic difficulty get in the way of a good party, but this time they are badly in need of something to celebrate.
Ireland has been among the nations hardest hit by the global recession. The Economic and Social Research Institute forecast a 14% fall in GDP from peak to trough. Unemployment has risen from 4% to 13% and retail sales fell by 15%.
Investing, Long Term Investment, stock market | admin March 16, 2010
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