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Updated 10.53pm
IRELAND’S ECONOMY GREW in the second quarter of 2013 reversing three consecutive quarters of contraction and technically emerging from recession.
It was a case of good news and bad news however with GDP up and GNP down according to the Central Statistics Office (CSO).
Preliminary estimates from the CSO showed that the economy as measured by Gross Domestic Product (GDP) grew by 0.4 per cent on a seasonally adjusted basis compared with the first quarter of 2013.
The previous quarter had seen the economy shrink by 0.6 per cent with falls also observed in the second half of 2012.
Gross National Product (GNP), on the other hand, declined by 0.4 per cent in real terms over this period. GNP excludes the value of goods produced by multinationals in Ireland.
Spending
Personal spending saw a rise of 0.7 per cent in the second quarter of the year with Government expenditure falling by 1.3 per cent between Q1 and Q2 this year.
Follwing the publication of the figures, Finance Minister Michael Noonan welcomed in particular the CSO’s export statistics:
Today’s quarterly national accounts show the Irish economy returned to growth in the second quarter of 2013, with 0.4 per cent GDP growth recorded. The figures show exports reaching an all-time high both in terms of value and volume terms in the second quarter. Although the patent cliff is impacting production, services exports are growing strongly.
“My department will publish a revised set of forecasts in mid-October with the Budget, which will take account of today’s figures. In line with provisions of the two-pack, these forecasts, ” he added.
First published 12.31pm
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Expected battery life: 4 minutes
That long ! Sign me up.
Any chance they could just develop stronger batteries for smartphones.
Why would they do that. They need that battery to run its course after a couple of years to sell you a new phone.
Bet the japanese are already figuring out how to use it with porn
Japanese. Be one of the first things most men anywhere in the world would do.
it feels like only yesterday that having Snake or Tetris on your phone was the height of technology.Im getting old.
Battery life is THE issue on phones these days. The man or company that comes up with a solution will be rich.
The Duracell Bunny has been strangely quiet this last while. Must be hard at work in R&D
Seems the sci fi movies of 30 years ago are truly upon us.
Where’s all the hoverboards???
http://www.iflscience.com/technology/guinness-world-record-broken-farthest-hoverboard-flight.. Here they are!!
That was (falsely) leaked as a feature of the iPhone 5 a couple of years back. Thought it was just as pointless then as it is now
WANT!!!!
Deborah.. The phone or Pontious’ suggestion?
Eaney meaney miney mo!!
Probably be full of bloatware. Click Advert to use keyboard or something stupid like that.
I’m guessing you’re a “glass half empty” type of guy. Am I right?
The future is nigh…
Looks good, but lenovo are stuck on mid range phones, screen doesn’t look anywhere near a 5 inch, also doesn’t even look like it’s 1080o
Re: The usage of “cause” here.
When the word “because” is abbreviated it is normally spelt as ‘cos.
(This is ‘cos the words because and cause have completely different meanings)
Class
Like the HP Sprout then.
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