Ireland Back in Recession, According to Official GDP and Economy Data

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Ireland back in recession: official data

A woman pulling a suitcase crosses the road as protestors march against Government austerity measures in Dublin on November 24, 2012. Ireland's bailed-out economy slumped back into recession in the second half of last year, and continued to shrink in the first quarter of 2013, official figures showed on Thursday.

A woman pulling a suitcase crosses the road as protestors march against Government austerity measures in Dublin on November 24, 2012.

AFP, France 24, June 27, 2013

Ireland's bailed-out economy slumped back into recession in the second half of last year, and continued to shrink in the first quarter of 2013, official figures showed on Thursday.

GDP tumbled 1.0 percent in the third quarter of 2012 and by 0.2 percent in the fourth quarter, meeting the definition of a recession, according to revised data from the Central Statistics Office (CSO), which added that the economy shrank 0.6 percent in the first quarter of this year.

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