The first estimates of Irish Gross Domestic Product (GDP) and Gross National Product (GNP) for the year 2009 as a whole indicate that GDP was 7.1 per cent lower than in 2008 while GNP was 11.3 per cent lower than in 2008. This is the largest decline in output ever recorded in a single year since 1922, when the State was founded, according to the CSO.
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