Tag: recession
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The Great Depression, The Great Recession… Ireland then and now
There is an interesting paper from Reinhart and Rogoff : see here on how in some countries the effects of banking crises can be very long lasting and deep. Just in case you hadnt noticed. The picture is of IRish GDP per capita growth in 1990 $. Up to 2010 its taken from the Maddison…
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Irish Economic Recovery is Just Around the Corner
So the CSO figures released today suggest that we here in Ireland have fallen back into recession. Expect to NOT hear a lot about that…. Something isnt working here folks.
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What sectors have contracted most in the crash?
The CSO produced a very good set of tables on value added by sector 2002-9 The data tables contained in this release can be downloaded in excel from this link. Summary : in terms of output the economy was 13% smaller in 2009 than 2002. Service industries and agri have been hit hard, as with…