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Quarterly Economic Commentary, Winter 2008 Special Articles An Analysis of the Potential of the European Commission Business and Consumer Surveys for Macroeconomic Forecasting by Jean Goggin An Empirical Analysis of Development Cycles in the Dublin Office Market 1976-2007 by John McCartney

By Alan Barrett, Ide Kearney and Jean Goggin


The forecasts in this Commentary, especially for 2009, illustrate how the Irish economy is in the midst of a contraction that is large by both historic and international comparisons. For 2009, we expect GNP to fall by 4.6 per cent in volume terms. Following an anticipated contraction of 2.6 per cent in 2008, the accumulated fall in output is dramatic

Topics: Ireland, economic and financial affairs
Year: 2008
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