PricewaterhouseCoopers (PwC) recently stated that the economy of RI is expected to deteriorate in 2009 more than any other country in the eurozone. PricewaterhouseCoopers is a leading consulting firm in the world. It was established in 1998 after Price Waterhouse and Coopers & Lybrand merged. The company reported that for the first time in twenty-five years, Ireland’s economy shrank in the previous year. RI’s economic growth rate in 2007 was 6 percent but is widely forecast to contract to 4.1 percent this year.   According ... Read More

An atmosphere of pessimism is widespread in the country. A study recently confirmed this alarming state. Grant Thornton conducted a survey on the prospects of different companies for the new year and the result revealed that business entities in Ireland are among the world’s most pessimistic. Ireland is ranked by the survey firm as the 30th  out of the 37 countries in terms of business forecast and thoughts for the year that just started. Of the Irish companies which were included in ... Read More