tag:blogger.com,1999:blog-5441124502602271431.post218396037092164114..comments2016-02-09T16:06:26.184+00:00Comments on Celtic Donkey: Budget eh - How to survive the recession part 2Celtic donkeyhttp://www.blogger.com/profile/14239357327841574422noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5441124502602271431.post-55290867408943580832008-09-10T11:14:00.000+01:002008-09-10T11:14:00.000+01:00For about a year or so the Government has been ref...For about a year or so the Government has been referring to it as a "downturn" or a "slowdown", as the definition for a recession is two consecutive quarters of decline in real GDP.<BR/><BR/>It's still technically too early to call it a recession, by that definition, but it's expected that this will be confirmed over the next quarter.<BR/><BR/>We've now got the highest unemployment rate since 1998 and one of the highest rises in unemployment over a summer ever (can't find the figure - anyone?)<BR/><BR/>The Government is also largely blaming the credit crunch caused by the US mortgage crisis and other international factors like the price of fuel.Celtic donkeyhttps://www.blogger.com/profile/14239357327841574422noreply@blogger.comtag:blogger.com,1999:blog-5441124502602271431.post-89931447026437973172008-09-06T07:32:00.000+01:002008-09-06T07:32:00.000+01:00So Ireland is going through a recession too? I did...So Ireland is going through a recession too? I didn't know.Julia Riber Pitthttps://www.blogger.com/profile/03006439247714055292noreply@blogger.com