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Economic Recovery To Begin In 2010

 

Updated : Jun 5, 2009

Governor of the Central Bank John Hurley has said there will be 'extended and gradual' economic recovery next year.

Speaking to RTÉ News, Mr Hurley said the while of 2009 will be very difficult and Ireland’s recovery will take time and be gradual, that the benefits of the recovery will begin to be seen next year.

He also predicted that the adjustment in house prices over the past 18 months had been inevitable and that prices have further to fall.

This followed a revision downwards yesterday in Frankfurt of the European Central Bank's forecasts for the euro area.

 

 

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