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27/06/2013
Economy Slips Back Into Recession - CSO
New figures show that the economy has slipped back into recession, according to the Central Statistics Office (CSO).
In the first three months of the year, the economy contracted by 0.6%.
A growth drop of 0.2% followed in the 4th quarter of 2012 after a decline of 1% in the 3rd quarter of last year.
It has declined for three consecutive quarters according to the CSO.
Net exports also declined by over €1bn over the three month period.
(CD/JP)
In the first three months of the year, the economy contracted by 0.6%.
A growth drop of 0.2% followed in the 4th quarter of 2012 after a decline of 1% in the 3rd quarter of last year.
It has declined for three consecutive quarters according to the CSO.
Net exports also declined by over €1bn over the three month period.
(CD/JP)
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