RT News: Four companies going bust every day
Contrast this with Lenihan saying the worst is over and we have turned the corner. This shows us that he has been consistently lying, be it the banks, NAMA or the economy. Constuction industry was hit the most, accounting for 31% of the companies going bust. With the construction industry being at one stage in 2006, 25% of GDP, we will never see this rise to those levels again or do posters think otherwise?Four companies a day went bust between January and September this year, according to new figures revealed today.
A total of 1,132 companies have gone out of business in the first nine months of the year, an increase of just over 12.5% on the same time last year.
Will 2010 be seen as the worst year in terms of decline in the economy or is the worst yet to come?