Government urged to ease back on budget 2014 after recessionary figures released

The Government is being urged to ease back on the 2014 budget targets - after new figures show Ireland is back in recession - for the first time since 2009.

Government urged to ease back on budget 2014 after recessionary figures released

The Government is being urged to ease back on the 2014 budget targets - after new figures show Ireland is back in recession - for the first time since 2009.

The Central Statistics Office said the economy contracted in the first quarter of the year - driven by a fall in exports and consumer spending.

Revised data now shows there was also a decline in growth in the fourth quarter of 2012 - as well as the third quarter of last year.

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