Market Week

Your guide to what's going on.

29th June, 2013
Minister for Finance Michael Noonan.

**Retro recession:** Ireland slipped back into recession in the first quarter with -0.6 per cent growth.

The last two quarters of 2012 were revised downward by the CSO, too, meaning the economy grew by just 0.1 per cent last year. The numbers spell trouble for the government's assumptions on debt sustainability, as weak growth could reduce tax revenues and make it harder for the state to hit troika targets.


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