Pieces:Array ( [0] => 2010 [1] => news [2] => economy-sees-biggest-decline-on-record [3] => )

Economy sees biggest decline on record

Mar 25th, 2010, 11:19 am

The Irish economy suffered its largest decline on record last year.

New figures from the Central Statistics Office (CSO) show economic activity fell by over 7% in 2009 – compared with the previous year.

The Quarterly National Accounts also show Irish exports dropped by 2.3% last year.

Construction output alone fell by over 31%, with housing activity down 44% on 2008 levels.

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