Irish recession 'bad news' for NI says Sammy Wilson

Sammy Wilson Sammy Wilson has Ireland's recession is bad news for Northern Ireland

Related Stories

The Finance Minister Sammy Wilson has said it is bad news for Northern Ireland that the Republic of Ireland has slipped back into recession.

Speaking to the BBC he said: "We want all of our main markets to be successful.

"The Irish Republic is an important market for us as is the UK and Europe.

"While those markets are in recession of course there are going to be implications for businesses here in Northern Ireland."

It has emerged the Republic's economy slipped back into recession last year with indications their recovery from the financial crisis will be much slower than previously thought.

There was a fall in Gross Domestic Product in the first quarter, while revised figures showed a shrinkage at the end of 2012.

The finance minister said he hoped their economy would recover quickly

"It's bad news for us that the Republic is back in recession and we have to hope that their economic upturn will come and come very strongly because it will impact on us," he said.

More on This Story

Related Stories

More Northern Ireland stories

RSS

Features

  • Shinji Mikamo's father's watchTime peace

    The story of the watch that survived Hiroshima


  • Northern League supporters at the party's annual meeting in 2011Padania?

    Eight places in Europe that also want independence


  • Elephant Diaries - BBCGoing wild

    Wildlife film-makers reveal the tricks of the trade


  • Hamas rally in the West Bank village of Yatta, 2006Hamas hopes

    Why the Palestinian group won't back down yet


  • A woman dining aloneTable for one

    The restaurants that love solo diners


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.