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Thu 09 Sep 2008Data shows economy is officially in recession
With less than three weeks until the Budget, the pressure on the Government increased today after data published by the Central Statistics Office showed the economy has technically entered recession.
Figures from the CSO showed that gross domestic product (GDP) - which measures the value of all the goods and services produced in the State - fell 0.8 per cent in the second three months of this year compared to the same quarter of 2007.
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