Sign up to The Irish Times Archive (1859 - 2008)My Account »
Fri 12 Dec 2009GDP edges up amid difficult conditions
THE ECONOMY technically emerged from recession in the third quarter, according to new data from the Central Statistics Office (CSO).
But the 0.3 per cent growth in Gross Domestic Product (GDP) from July to September was due to higher profits at multinational companies. Stripped of this effect, national income or Gross National Product (GNP), fell 1.4 per cent, indicating that difficult conditions persisted in the third quarter.
Choose a Subscription type - required
