Multi­na­tion­als help to cush­ion Ir­ish re­ces­sion

The Daily Telegraph - Business - - Business -

Ire­land has of­fi­cially en­tered a re­ces­sion af­ter its econ­omy con­tracted by a record 6.1pc in the sec­ond quar­ter of the year, af­ter a 2.1pc fall be­tween Jan­uary and March. How­ever, the drop was half the av­er­age in the eu­ro­zone, and lower than Bri­tain’s 20.4pc col­lapse, helped by the coun­try’s large multi­na­tional sec­tor.

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