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Thu 10 Oct 2010Economy weaker than ESRI had thought
THE ECONOMY is weaker than previously thought and the risks to the recovery greater, according to the latest forecast from the Economic and Social Research Institute (ESRI).
In its Quarterly Economic Commentary, published today, the institute states that the economy will contract in 2010 by more than it had believed in July. And, although it maintains its previously held view that the economy will grow solidly in 2011, that expansion will be less vigorous than it thought three months ago.
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