Friday, 18 December 2009
IRELAND OUT OF RECESSION, UNLIKE, ERM, THE UK
Gordon Brown faced further embarrassment today over Britain’s recovery after it emerged that Ireland's beleaguered economy has emerged from recession.
Irish economic output rose by 0.3 per cent between July and September compared to the second quarter, official figures showed today, leaving the UK as one of the few Western economies still mired in an economic downturn.
The technical definition of a recession is two or more consecutive quarters of falling gross domestic product. A number of countries emerged from recession in the third quarter, including America, Japan, China, Germany and France.
However, Britain’s economy continued to shrink, falling by 0.3 per cent in the third quarter according to the most recent estimates from the Office for National Statistics (ONS).
Perhaps Mr Murphy would like to address his apologies to the Irish President and the people of Ireland. A letter from Dover House maybe, or a television appearance?
If there are any Irish readers here, I’d like to apologise on behalf of Scotland. On the several occasions when Murphy came out with his ill-thought-out, rude, rubbish about how backward looking and sad Ireland was, I cringed. Please believe me, we’re not all like him.