Tag: contraction

Coronavirus: ‘Severe contraction’ in NI economy in April

Image copyright Getty Images The Northern Ireland’s private sector suffered a “severe contraction” in April, Ulster Bank’s chief economist has said. Richard Ramsey’s comments came as the bank’s monthly survey saw the steepest ever monthly fall in business activity. Since 2002, the bank has conducted a monthly survey of a representative sample of firms. The April survey showed activity collapsing,… Read more →