Get a Grip ; It's Official. We're in a Recession. But the Taoiseach Is Still in Denial. This Is How He Must Confront a Crisis of His Own Making
Summary
YESTERDAY was a very bad news day for the Irish people. It was a particularly bad news day for the 320 workers who lost their jobs at Tyco Safety Products in Cork and now face the bleak prospect of Christmas on the dole.
But there was also very bad news for every single citizen of this State in the Quarterly National Account figures released by the Central Statistics Office. These figures show that for the second quarter in a row, our gross national product and our gross domestic product fell.See the full content of this document
Extract
Get a Grip ; It's Official. We're in a Recession. But the Taoiseach Is Still in Denial. This Is How He Must Confront a Crisis of His Own Making
What this means in layman's terms is that for the first time since the early 1980s, Ireland is now officially in recession. What is of particular concern is that these figures relate to the second quarter of the year, the April to June period. Everyone knows that the situation has got much worse since then, and I dread ...
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