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Recession Ends, But Noonan Says No Cause For Celebration

Ireland is officially out of recession but the Finance Minister says there’s no reason to ‘throw our hats in the air’.

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The CSO says the economy grew slightly in the second quarter of the year – by 0.4 per cent between April and June.

Minister Noonan says the quarterly national accounts show exports reaching an all-time high -in terms of value and volume- in the second quarter of this year.

His department will now publish a revised set of forecasts in the middle of October with the Budget, which will take account of today’s figures.

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