Thu, 22 Mar 2012 19:43:46 GMT
Ireland's economy contracted by 0.2% in Q4 of 2011
The GDP of the Republic of Ireland slumped by 0.2% in the last quarter of 2011, after declining by 1.1% in the preceding quarter, according to Central Statistics Office. The economic contraction indicates that the country is falling back into crisis. Global financial uncertainty continued to weight down on the Ireland's exports that declined by 1.1% whereas domestic spending continued