Economy

Economy performed ‘reasonably well’ in the second quarter – McGrath

Inflation was at an estimated at 4.6 per cent in July

Michael McGrath TD Minister for Finance. (Picture by Fergal Phillips)

The domestic economy performed “reasonably well” in the second quarter of this year, Minister for Finance, Michael McGrath, said.

He was responding the ‘flash’ estimate for GDP in the second quarter from the Central Statistics Office (CSO).

Early estimates indicate that GDP increased by an estimated 3.3 per cent in quarter two, when compared with quarter one 2023, according to the CSO.

The result was driven mainly by increases in the multinational dominated sectors in ...