Robinson And McGuinness Discuss Economy With Business Leaders

This is part of a series of meetings being undertaken to discuss the impact of the credit crunch and current economic downturn on Northern Ireland.

Mr Robinson said: "Northern Ireland is not immune from the current global economic crisis and its effects. Rises in the cost of living have seen a reduction in spending and local businesses have begun to feel the knock on effects.

"We have held discussions with local business leaders today in order to understand fully the nature and complexity of the problems they face. The Executive remains committed to developing the local economy and it is imperative that we look to find ways of assisting local business through this difficult period."

Mr McGuinness: "Over the past number of weeks we have held a number of meetings with various sectors to build a full understanding of how all sectors of our society can work together to ease the effects of the current economic downturn.

"It is vital that a partnership approach is taken if we are to face down the challenges of instability and develop a competitive prosperous economy."

The First Minister and deputy First Minister have already met with senior local representatives of the main financial institutions, Institute of Directors, the construction sector, the trade unions and the energy sector and regulator. They also plan to meet with the social and voluntary sector to discuss, from each perspective, the implications of the current economic slowdown.