The Irish economy will not recover for at least a year after the rest of the world, as the global recession continues into 2011, according to employers’ body Ibec.
In a submission to the government as part of the partnership talks, it said that consumer spending was unlikely to contribute to domestic demand growth before 2012.
Ibec is anticipating a steeper economic decline and more protracted recovery period than previously envisaged. Even though growth will resume...
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