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Thu 12 Dec 2008Cowen unveils plan amid 120,000 job loss forecast
The Government has launched its new plan to boost the economy amid forecasts of 120,000 job losses in 2009 and new figures showing the domestic economy shrank by almost 5 per cent in 12 months.
Taoiseach Brian Cowen published the Government’s document "Building Ireland's Smart Economy: A Framework for Sustainable Economic Renewal" at a Dublin press briefing this afternoon. The plan will establish a series of venture capital funds worth a total of €500 million in a bid to lure innovative industries to the Republic and boost research and development activity here.
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