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Pre-Budget Outlook: Motion (Resumed) (24 Oct 2007)

Michael Mulcahy: ...next year will be 3.25%. The unemployment rate is between 4.5% and 5.5%; inflation is lower than 2%; total national debt is approximately 25% of GDP; approximately €17 billion is in the pension reserve fund. By any international comparison, the state of the Irish economy is very sound indeed. If it was all rosy in the garden, there would be no point in listening to the constructive...

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