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Ireland No Longer in Recession

Writer's picture: OurStudioOurStudio

The Irish Republic's economy has returned to growth, meaning the country has emerged from its second recession in five years.

The economy grew by 0.4% in the second quarter of the year, although this was much weaker than forecast.

Economists had expected growth of at least 0.8%.

Ireland fell back into recession in late 2012, and gross domestic product (GDP) in the second quarter was still 1.2% lower than a year earlier.

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