Ireland's Central Statistics Office says the country's economy has entered a recession.
Irish gross domestic product (GDP) shrank by 0.3 and 0.5 percent in this year's first and second quarter. The technical definition of a recession is two or more successive quarters of negative economic growth. Ireland is the first of the 15 European countries that use the euro to fall into a recession in the current market turmoil, but the European Commission has warned that Germany and Spain could soon follow.
(Deutsche Labour office says unemployment to still fall ...
Commerzbank Earnings Rise Despite Subprime Losses ...
EU Parliament Raises Bar for Extremist Parties ... Welle)
more info >>
<< Back