Verdict on economy awaits Iraq outcome

WHEN the economy was enjoying its boom period there was little distinction being made between Gross National Product and Gross Domestic Product.

But that’s all changed. Unemployment is rising - it could hit 5.6% this year and there is no argument that the boom times as we knew them are over.

It is perhaps indicative of a more introspective economic period when every figure and every measure is analysed to death.