THE UPSIDE OF THE DOWNTURN: How Irish Businesses are Adapting to the Recession

To claim that everybody is suffering from the economic downturn in Ireland is belied by the statistics, which show that some are doing very well.

The economic downturn is causing societal change because our incomes determine how we spend our time. For the very rich it's business, or pleasure, as usual, evidenced by the healthy profits posted this year by luxury brands such as LVMH (who own Moet & Chandon and Louis Vuitton). However for those on mid to low incomes who are incurring the costs of the recession, there has been a noticeable change in spending habits.

Leah Leiva reports for TheBeginner.eu from Dublin, Ireland

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• Irish Businesses
• Business
• Economy
• Ireland
• The Beginner
• EU
• recession
• crisis
• private sector
• UK
• downturn
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• consumer trends.