Recession ends with muted second quarter expansion

UPDATE: The economy grew 0.4 per cent in the second quarter, indicating that Ireland has exited its second recession since 2008, although the rise was less than predicted.

19th September, 2013
A graph showing the movement of both GNP and GDP since the beginning of 2012. (source: Central Statistics Office)

The economy expanded by 0.4 per cent in the second quarter, indicating that Ireland has exited its second recession since 2008, although the rise was less than predicted.

**Cliff Taylor's** analysis: "Growth returns but only slowly." Read more here.

GDP increased by 0.4 per cent in volume terms on a seasonally adjusted basis in the quarter compared with the first quarter of 2013. GNP, on the other hand, declined by 0.4 per cent in real terms over this period.

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