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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.
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.