There were two reports in today’s media covering analysis by Alan Bridle, head of economics at Bank of Ireland Northern Ireland (Belfast Telegraph and Irish Times).  He suggests that the Northern Ireland economy will be in a ‘twilight zone’ this year, neither in recession (well not technically) nor experiencing sustained recovery. He forecasts that it will take years for the private sector in the North to recover after the recent slump, particularly in manufacturing, and that unemployment, business failures and house repossessions will continue to grow until at least the second half of the year.  We haven’t discussed how the economic crisis is affecting the North to any degree on IAN; we’ll try and rectify that over the coming months.

Rob Kitchin