Erroneously released figures show shrinking economy

The Irish economy shrank by 1.1 per cent in the first quarter of 2012 compared to the final quarter of 2011, according to reports.

11th July, 2012

The Irish economy shrank by 1.1 per cent in the first quarter of 2012 compared to the final quarter of 2011, according to reports.

Economic performance was better than previously thought last year, with the full year growth figure for 2011 at 1.4 per cent, compared with an earlier estimate of 0.7 per cent.

according to the new figures. The Central Statistics Office has revised upward its growth estimate for the fourth quarter of 2011 to 0.7 per cent of GDP,...

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