Quarterly Economic Commentary, Spring 2008 Special Article The Decline of the Computer Hardware Sector: How Ireland Adjusted by Frank Barry and Chris Van Egeraat

Barrett, Alan and Kearney, Ide and O'Brien, Martin (2008) Quarterly Economic Commentary, Spring 2008 Special Article The Decline of the Computer Hardware Sector: How Ireland Adjusted by Frank Barry and Chris Van Egeraat. [Working Paper]

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Abstract

It has been evident for some time that 2008 was likely to be a year of slow economic growth. The leading indicators for house building that emerged last year suggested that this sector would contract in 2008. The absence of an SSIA effect also pointed to lower consumption growth in 2008. In the more recent weeks and months, most of the international developments are such that they will have the effect of compounding the difficulties that the economy is facing this year. Among these developments are the appreciation of the euro, the slowing in economic growth in the United States and the on-going difficulties in international financial markets.

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