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Wed 06 Jun 2009Unemployment to climb to 15.5% next year says IMF
The Irish economy will shrink by 13.5 per cent between 2008 and 2010 and unemployment will climb to 15.5 per cent next year, according to a bleak assessment by the International Monetary Fund (IMF).
The IMF's annual staff report on Ireland offers a gloomy picture of the country's economic prospects, predicting only a "modestly-paced recovery" after a further contraction next year.
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