Its official!

SimpleSam06

We're in a recession...

Irish economy goes into recession

The Irish Republic's economy has fallen into recession after shrinking for a second quarter in succession. The Central Statistics Office (CSO) said gross domestic product (GDP) had contracted by 0.5% in the three months to the end of June.

The economy had shrunk by 0.3% in the first quarter of the year. Technically, a recession is defined as two or more successive quarters of negative growth. It is the first time Ireland has experienced a recession since 1983.

The economy is now facing its most difficult period since high unemployment and emigration hit in the early 1980s.

thelordofcheese

Beat'd and badly.

phenomenon

Thanks for that. Now more importantly, whats for dinner? Lobster again?!

Wazdakka

OH GOD Not Annother one...

Does nobody even glance at AH main page before starting a new thread?

javaboy

Wtf is negative growth anyway?

aidan_walsh

Recession means never having to look and see if another person already beat you to it. Chances are they haven't becasue they can't afford to.

shoelaceface

wuhoo!!

cant wait to see what the fuss is about!!

bring it onnnnnnn!!!! :cool:

pingpongz

javaboy wrote: »

Wtf is negative growth anyway?

Its when your penis grows into a vagina.

monkeyfudge

aidan_walsh wrote: »

Recession means never having to look and see if another person already beat you to it.

Haha... that sounds so much like one of those little 'Love is...' cartoons that I just had to make this:

http://www.savemymonkey.com/images/recessionis.jpg

Silenceisbliss

OH FÜCK! TRIPLE RECESSION!!!!!:eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek:

jackdaw

Why are BBC only announcing this now ?


Didn't we find out months ago we were in recession ?

Agent Smith

Is it time for Bagatelle?


I remember that summer in Dublin,
And the Liffey as it stank like hell,
And young people walking down Grafton Street,
Everyone looking so well.
I was singing a song I heard somewhere,
Called "Rock'n'Roll Never Forget",
When my humming was smothered by the 46A,
And the scream of a low flying jet.
So, I jumped on a bus to Dun Laoghaire,
Stopping off to pick up my guitar,
When a drunk on a bus told me how to get rich,
I was glad we weren't going too far.

stovelid

I was in Dundrum Town Centre on Sunday. Mobbed. Do these people know we're in a recession?

Roadend

stovelid wrote: »

I was in Dundrum Town Centre on Sunday. Mobbed. Do these people know we're in a recession?

They were all window shopping and looking at the things they could buy if we weren't in a recession.

Wazdakka

stovelid wrote: »

I was in Dundrum Town Centre on Sunday. Mobbed. Do these people know we're in a recession?

People is such a strong word for the small, orange skinned, miniskirted female folk that seem to congrigate around that area..

NADA

I can't say I see the effect of this recession yet myself. I mean the banks are going bust! With the amount of people still shopping i reckon the public has enough money to bail them out!

Zillah

In pre-WWII Germany their currency became so devalued that if you left a basket full of cash unattended, you were likely to return to find the money tipped out onto the street and the basket stolen.

Thats an economic reccession, stop whining ya bunch of pansies.

SimpleSam06

Ahahah, I posted that in a hurry, didn't spot the others, mods feel free to lock, delete, violate, mug, browbeat, or otherwise do away with this thread!

Wazdakka wrote:

Does nobody even glance at AH main page before starting a new thread?

Are you kidding, I haven't read anything on AH in years, I just randomly hit the multiquote buttons as I scroll through the pages, and start blazing away. Seems like the sanest approach, really.

jackdaw

So because of this recession , are a lot of the eastern europeans flying home ?


just out of honest curiosity .. im not trying to start anything here ?