Are we actually in recession?

New CSO figures have shown that Ireland has hit a ‘technical recession’. The economy grew by 0.3% in GDP terms in the final three months of last year, which was not as much as expected - while Modified Domestic Demand, which ignores the impact of multinationals, declined by 1.3%. So where is our economy at? Seamus Coffey, former Chair of the Irish Fiscal Advisory Council and Professor of Economics at UCC spoke to Kieran

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17.50 3 Mar 2023

Are we actually in recession?

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The Hard Shoulder

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17.50 3 Mar 2023

New CSO figures have shown that Ireland has hit a ‘technical recession’.

The economy grew by 0.3% in GDP terms in the final three months of last year, which was not as much as expected - while Modified Domestic Demand, which ignores the impact of multinationals, declined by 1.3%.

So where is our economy at?

Seamus Coffey, former Chair of the Irish Fiscal Advisory Council and Professor of Economics at UCC spoke to Kieran