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Irish economy set to grow by 3%

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Staff writer ▼ | September 15, 2014
The Irish economy is set to grow by a better than expected 3 percent this year, Irish Finance Minister Michael Noonan said.
Ireland
Good news   Ireland to perform better than expected
Irish Finance Minister Michael Noonan upgraded his growth forecast for this year to 3 percent from 2.1 percent, saying that the economy will also grow by 3 percent in 2015 after seeing unemployment fall below the euro-zone average, retail sales rise and exports rebound.

"The Department of Finance official figure for 2014 is we're going to grow just ahead of 3 percent and next year we'll be around 3 percent as well," Mr. Noonan said. He made these remarks as he attended the parliamentary party think-in at Fota Island in south Ireland's County Cork.

"That's very strong when you look at growth rates across Europe. I can see a number of things that could see growth slip back but if it's managed prudently, you could run that for a decade and solve the problems that Ireland has," Mr. Noonan said.


 

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