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Thu 06 Jun 2009Irish economy will shrink by 9.8% this year, says OECD
THE IRISH economy will shrink by 9.8 per cent this year, according to one of the most pessimistic forecasts from the Organisation for Economic Co-operation and Development (OECD).
The Paris-based think-tank has said that unemployment will reach 14.8 per cent in 2010, and that the country’s gross domestic product (GDP) will contract by 14 per cent over the three years to 2010.
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