Irish economy to grow 2.3 percent in 2011: IMF

14th July 2010, Comments 0 comments

Ireland's economy is forecast to grow 2.3 percent in 2011 after escaping a painful recession earlier this year, the International Monetary Fund said on Wednesday.

The severity of the recession means the eurozone nation's Gross Domestic Product is still expected to shrink by 0.6 percent this year, the IMF said, adding that it should grow 2.5 percent in 2012.

© 2010 AFP

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