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



  • Two women in  JohanesburgYour pictures

    Readers' photos on the theme of South Africa

  • Worcestershire flagFlying the flag

    Preserving the identities of England's counties

  • Female model's bottom in leopard skin trousers as she walks up the catwalkBum deal

    Why budget buttock ops can be bad for your health

  • The OfficeIn pictures

    Fifty landmark shows from 50 years of BBC Two

  • French luxury Tea House, Mariage Freres display of tea pots Tea for tu

    France falls back in love with tea - but don't expect a British cuppa

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.