Recession ‘to bottom out in early 2010’

THE economy has weathered the worst of the recession which is expected to bottom out early next year, according to Davy Stockbrokers.

Economist Rossa White in Davy’s latest analysis of the economy says that all available indicators suggest that the Irish recession is past the most acute point and he said it is becoming clear that January-February was the most intense phase.

“The Irish economy entered recession in the third quarter of 2007. It has lasted for seven quarters already, and that recession is not yet finished.