Irish Recession Deepened in First Quarter, Economists Say
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Ireland’s economy may have contracted for a third consecutive quarter in the first three months of the year, as consumers held back on spending and the euro-region debt crisis curbed export growth.
Gross domestic product may have fallen by 0.4 percent in the first quarter from the previous three months, according to the median estimate of eight economists surveyed by Bloomberg. The economy shrank 0.2 percent in the fourth quarter. The figures from the Central Statistics Office, which may include revisions of earlier numbers, will be released at 11 a.m. tomorrow in Dublin.