This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/world-europe-23083003
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Ireland officially back in recession says new report | Ireland officially back in recession says new report |
| (35 minutes later) | |
| The Republic of Ireland is officially back in recession, new figures have revealed. | The Republic of Ireland is officially back in recession, new figures have revealed. |
| According to a report on the overall economy, measured under gross domestic product and including the multinational sector, the country saw a fall in the value of business and services at the end of last year and early this year. | According to a report on the overall economy, measured under gross domestic product and including the multinational sector, the country saw a fall in the value of business and services at the end of last year and early this year. |
| The homegrown end of the economy, gross national product, performed better. | The homegrown end of the economy, gross national product, performed better. |
| There was 2.9% growth there in the first quarter of the year. | There was 2.9% growth there in the first quarter of the year. |
| Revised Central Statistics Office figures state that the country is back in recession for the first time since 2009. | Revised Central Statistics Office figures state that the country is back in recession for the first time since 2009. |
| The widely accepted definition of a recession is two consecutive quarters of negative economic growth. | |
| Preliminary estimates show that gross domestic product contracted by 0.6% in the first three months of the year. | |
| This was as a result of falling exports and weakening consumer spending. | |
| The figures also show that personal expenditure dropped by 3% on a seasonally adjusted basis between the last quarter of 2012 and the first quarter of 2013. | |
| Net exports also declined by more than one billion euros over the three-month period. |