Government economic targets 'on track' - Gilmore

on 20/09/2012 16:47:18

The Tánaiste says the government's end of year economic growth targets remain on track.

New figures from the Central Statistics Office show that there was no growth recorded during the second quarter of the year.

Eamon Gilmore admits the government would like to see the economy growing at a quicker pace to address the jobs crisis.

However, despite today's CSO report, he says the projected growth of 0.7% this year is still achievable.

"This is just for one quarter and I think you have to take these quarterly figures in the context of the year as a whole.

"We have seen before that quarterly figures can be up or can be down.

"These quarterly figures keep us on track to meet the 0.7% growth target that the government and most commentators expect the economy to achieve by the end of the year."