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Irish fin min says outlook for coming quarters weakened significantly

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DUBLIN, Sept 2 (Reuters) – Eire’s finance minister mentioned momentum within the economic system has eased and that the outlook for the approaching months had weakened significantly after knowledge on Friday confirmed that the home economic system rebounded strongly from April to July.

“That is the primary quarter shoppers have been uninhibited by (COVID-19) restrictions and it’s encouraging to see the rebound in exercise. I’m additionally heartened that non-public sector funding within the home economic system stays robust, regardless of mounting geopolitical uncertainty,” Paschal Donohoe mentioned in an announcement.

“Regardless of the robust rebound in exercise evident in at the moment’s figures, I’m aware that plenty of indicators recommend that momentum has eased within the third quarter whereas the outlook over the approaching quarters has weakened significantly.”

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Reporting by Padraic Halpin; Modifying by Alex Richardson

Our Requirements: The Thomson Reuters Belief Rules.

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