By Max Clarke

A €1.57 billion surge in exports has seen the beleaguered Irish economy climb back from the depths of recession, posting a first quarter GDP growth of 1.3%.

Increased profit in foreign PLCs headquarted in Ireland contributed to the gain, as did a 1.1% growth in the construction sector. while 1.3% GDP growth may be considered meagre, the previous quarter saw a decline of 4.3%.

Retail sales continued to suffer, as personal consumption again contracted, matched by similar purse string tightening in government as both declined by 1.9%

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