Mark Wadsworth: "Huge rise in NI business closures"

Wednesday 12 November 2008

Frankly, so what? The private sector accounts for barely one-third of GDP in Northern Ireland.

Anonymous said...: Doesn't the shrivelled state of their private sector make business clusures even worse?; 12 November 2008 at 14:19
Mark Wadsworth said...: If the private sector is 40% of GDP and shrinks by a tenth, that's 4% of GDP.

Compare that with South East - if private sector shrinks by a tenth, that's 6.5% off GDP.; 12 November 2008 at 14:22
Anonymous said...: Yeah but the scarcity of the private sector in Northern Ireland makes it more important to preserve.

The private sector in Northern Ireland is the equivalent of the world panda population whereas in the South East of England it is like the rabbit population and losing 10% of the world's panda population would be bad news.; 12 November 2008 at 18:18

Wednesday 12 November 2008