CSO's bid to shake off 'Lepronomics'

New measure of economy unveiled but figures still show effects of multinational activities

14th July, 2017
Measures of domestic Irish economy reassuring. Pic: Rollingnews.ie

This time last year, the Central Statistics Office (CSO) published a controversial revision of its Irish economic figures for 2015, which showed that gross domestic product (GDP) jumped by a massive 26 per cent.

This morning, the CSO provided the first figures based on that group’s recommendations, giving a measure of the economy – called modified GNI or GNI* - designed to strip out the distorting affects of multinational activity and give a truer picture of activity...

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