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Mon 06 Jun 2008Economic growth contracts in first quarter
Economic growth in the Republic shrank by 1.5 per cent between January and March this year as house building slowed sharply, figures released by the Central Statistics Office today showed.
Growth rates for the Republic for the first three months of the year showed that Gross Domestic Product (GDP) contracted 1.5 per cent, while Gross National Product (GNP) - which excludes the profits of multinational companies - rose by just 0.8 per cent.
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