Thursday 23 September 2010

Irish economy shrinks by 1.2% in second quarter

Irish Times
"Mr Lenihan said the only way Ireland could emerge from recession was to continue to drive exports.“The figures for exports are strong and I am encouraged by this - the necessary competitiveness improvements are working. We must export our way out of our current difficulties, there is simply no other way,” he said.

Bloxham’s chief economist Alan McQuaid said the overall figures were “disappointing to say the least”.

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