Lenihan denies suggestions of more severe budget

Lenihan denies suggestions of more severe budget

The Finance Minister Brian Lenihan has said it i too early to say whether a tougher budget will be needed as a result of yesterday's figures which indicated a contraction in economic growth.

The figures show that the economy shrunk by 1.2% in the second quarter of the year.

But Mr Lenihan said: "It is not accurate to suggest that the economy is in decline again - on the basis of one set of figures."

He also played down suggestions that a more severe budget would be needed to offset the lower economic growth.


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