‘Ireland may be back in recession’

IRELAND is expected to have fallen back into recession in the second half of this year.

This is according to the latest Ernst & Young &economic eye which forecast that pre-recessionemployment levels will not be reached until 2030.

It said Ireland’s unemployment rate will continue to rise to 14.6% in 2012, the highest annual average unemployment rate since 1993, although they do predict that unemployment levels will begin to fall from 2013 (14%).