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Fitch upgrades Ireland outlook to 'positive'

Rating firm Fitch raised its outlook on Ireland to 'positive' from 'stable', citing the eurozone country's strengthening economy after exiting an international bailout in 2013Rating firm Fitch raised its outlook on Ireland to ‘positive’ from ‘stable’, citing the eurozone country’s strengthening economy after exiting an international bailout in 2013. Fitch highlighted that tax revenues increased by 11.7 percent in the first half of 2015 compared with the same period a year ago, notably on strong corporate tax receipts. Revenues from VAT and personal income tax grew 8.0 percent and 6.0 percent, respectively.

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