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June 27, 2013


Paddy Healy

From Reuters Feb 24, 2012
“Ireland’s economy will grow 0.9 percent this year(2012) and more than double that rate in 2013, a government-funded research body said on Friday, weathering austerity at home to track and likely outpace a gradual upturn in the euro zone.
The forecast for this year from the Economic and Social Research Institute (ESRI) undercut government estimates but was more optimistic than the 0.5 percent projected on Thursday by the European Commission, which said output in the euro zone as a whole would shrink by 0.3 percent.”

ESRI also predicted a “soft landing”in 2008-only problem could be rising wages………..and not a bank bust in sight!!!
ESRI is of course completely independent of government!!!

Kieran Sullivan

QUOTE: "The economy actually returned to recession in the latter half of 2012. But how many people realised this?"

The badly-missed NAMAwinelake blog was calling this since the figures came out last Christmas. They even tried to engage with some RTE heads on Twitter about RTE's refusal to mention the R word.

There's none so deaf as those that don't want to hear.

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