Irish Republic out of recession

**The Irish economy saw modest growth in the third quarter of this year.**Figures just released by the government’s statistics agency showed gross domestic product rose by 0.3% compared with the quarter before.

The figure indicates the country has pulled out of what was one of Europe’s worst recessions.

The economy shrank by 7.4% compared with July to September last year, although that is better than the second quarter’s year-on-year fall of 7.9%.

The government recently unveiled sharp cuts in spending to rebalance the country’s finances.