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Talking up a 'Recession' Storm?

September 25th, 2008

So Ireland is officially in recession after 2 quaters of negative growth, 0.3% in the first quarter and by 0.5%in the second. 0.8% in a six month period and the dreaded word 'recession' comes up? Try a Zimbabwean type recessionif you really want to worry people for God's sake. I wish people would behave themselves.

It is really worrying when that word comes up, I remember the last time we were in recession, lots of fairlysecure companies used it as a means to fire (yes fire) workers under the guise of tough times and the need toprotect shareholders' value. I wonder who keeps talking up the possibility of recession?

See Ireland is first to slip into recession

[First published on my NotTheNews blog on specified date]