79% cut back spending due to recession - CSO

Households’ response to the recession highlighted the extent to which people have been affected by the downturn and the need for the Government and troika to focus on jobs, said IBEC.

14th February, 2012
79% cut back spending due to recession - CSO
More than half of households cut back their spending on groceries.

The special release on households’ response to the recession by the Central Statistics Office highlighted the extent to which people have been affected by the downturn and the need for the Government and troika to focus on jobs and confidence in the domestic economy, according to IBEC.

The pilot study, included in the Quarterly National Household Survey for the second quarter of 2011, showed that 79 per cent of households cut back their spending...

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