Irish Republic out of recession as GDP grows
17 December 2009
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The Irish economy saw modest growth in the third quarter of this year.
Figures just released by the government’s statistics agency showed gross domestic product rose by 0.3% compared with the quarter before.
The figure indicates the country has pulled out of what was one of Europe’s worst recessions.
The economy shrank by 7.4% compared with July to September last year, although that is better than the second quarter’s year-on-year fall of 7.9%.
The government recently unveiled sharp cuts in spending to rebalance the country’s finances. (Via Original Source)
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This comment was originally posted on Twitter
Our country had been so much affected by this Economic Recession. there are lots of job cuts and company shutdowns. We are seeing some signs of economic recovery right now and we hope that it would continue.
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I think we are also seeing some signs of recovery from the Economic Recession. Of course, we have no idea of how long it will take to completely recover, but some say it’s going to be longer than for the other recessions in decades. I also scanned an article yesterday that said business owners need a new set of tactics to do well during recovery.
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