Gurdgiev: Irish growth rate increasingly resembles imaginary numbers

ESRI's forecast fails to fully reflect economic uncertainty, writes Constantin Gurdgiev

16th March, 2016
CSO large cases unit deals with 75 big companies to compile GDP figures

In line with this, on an annual basis, personal consumption and current government spending both managed to grow at less than half the rate of growth in GDP, each rising over the aforementioned period by less than 2.2 per cent per annum on average. In contrast, padded by the IFSC, aircraft leasing, MNCs booking superficial R&D investments into Ireland, and vulture funds flipping speculative assets in the property markets, Irish investment was growing on average...

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