GNP figures

Peak to Trough Fall in GNP

Ireland -16.5%
Euro Zone -5.3%
UK – 6.4%
US – 3.8%
Iceland – 12.9%

Irish GNP fell 0.5% in Q1 2010 (FF will tell you we are recovering now!)

We are still contracting!

GDP grew 2.7% in Q1 but that is multinational profits and does not reflect the indigenous economy.

IMF predicts that a reduced potential growth rate of 2.5% pa by 2015. This 2.5% is likely to be the expansion capacity into this decade.