I heard this morning on the news that Goldman Sachs and Merrill Lynch have acknowledged that the US economy is now in recession. I work for a US firm, and at the moment they seem to be holding up fine.
But how do the posters here feel this recession will affect the Irish economy, taking into account our strong ties with the US in terms of multinational investment here?
And how long do you believe the recession will last?
Not to mention the fact that US interest rates will probably be lowered a few times this year, thus devaluing the dollar further.
But how do the posters here feel this recession will affect the Irish economy, taking into account our strong ties with the US in terms of multinational investment here?
And how long do you believe the recession will last?
Not to mention the fact that US interest rates will probably be lowered a few times this year, thus devaluing the dollar further.