Taoiseach dismisses any threat of a double dip recession

TAOISEACH Brian Cowen does not believe Ireland is threatened by a dreaded double dip recession and he said the agricultural industry can help drive an economic recovery.

Mr Cowen said the figures released by the Central Statistics Office, which showed the economy shrunk between April and July, were disappointing.

But he said there was still a lot of grounds for optimism and the Government’s target was to remain stable in 2010.