Ad
The abandoned future HQ of Anglo Irish Bank. A burst property bubble is at the heart of Ireland's problems (Photo: darren webb)

Surprise Irish contraction adds to woes

New figures released by the Irish statistics office have shown a surprise contraction in the country's growth during the second quarter of this year, a further difficulty for Dublin which is already struggling to cut a large public deficit and revive an ailing banking sector.

Despite a surge in exports, Thursday's (23 September) data from the Central Statistics Office indicated Irish gross domestic product (GDP) fell by 1.2 percent in the three months up to the end of June when compared...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
The abandoned future HQ of Anglo Irish Bank. A burst property bubble is at the heart of Ireland's problems (Photo: darren webb)

Tags

Ad
Ad
Ad