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Exporters save economy from Covid collapse in Q2

There was a record quarterly contraction as Covid hit hard

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K-shaped trajectory: Goodbody chief economist, Dermot O’Leary

K-shaped trajectory: Goodbody chief economist, Dermot O’Leary

K-shaped trajectory: Goodbody chief economist, Dermot O’Leary

The Irish economy contracted by a record 6.1pc in the three months of April, May and June despite a massive increase in government spending to offset the Covid pandemic.

The second quarterly contraction in a row formally confirms that the economy here is in recession, but the numbers that were published yesterday were better than many experts had feared.


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