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Ireland: GDP Contraction to Heighten Debt Burden?

By William Oman and James Mason

The latest numbers on Irish GDP are bad news for those hoping that Ireland’s dynamic export sector will drag the country out of insolvency. Overall, in 2010, GDP contracted by 1% while GNP contracted by 2.1% y/y, although growth in Q4 in relation to the equivalent quarter of the previous…

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