Lies, Damn lies and statistics, Is the boom back?

Lies, Damn lies and statistics, Is the boom back?

The economy is improving - but it’s a double-edged sword, as certain bad old habits might be coming back too

The economic tide is turning. Cranes are reappearing on the Dublin skyline, the unemployment rate is tumbling and even the bubbles are back: Champagne recently returned to the shopping basket used by the Central Statistics Office to measure the cost of living, after a five-year absence.

The latest gross domestic product statistics revealed that Ireland’s economy expanded more than expected last year, growing by 5.2 per cent. That’s a Europe-beating performance, and Minister for Finance...

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