‘No real end in sight to Ireland’s recession’

THE European Commission has said there is no real end in sight to Ireland’s recession and cut this country and the rest of Europe’s growth figures for the rest of the year.

While most countries should turn the corner and see a gradual recovery next year, Ireland will take longer to return to growth, the spring economic forecast said.

Finance Minister Brian Lenihan, however, is not as pessimistic, saying that forecasting economics was like trying to predict the weather – a very inexact science.