Official figures point to Ireland being out of recession

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The Irish Republic officially moved out of recession in the first quarter of 2010, official figures show.

The country’s gross domestic product grew by 2.7% during that period on the last three months of 2009.

But the Central Statistics Office said gross national product (GNP), seen by some economists as a more accurate barometer of the economy, fell by 0.5%.

Full story: BBC News – Irish Republic out of recession