Wednesday April 8, 2020

Domestic economy "less of a drag" as GNP grows 3.4%

Official figures released this morning show that the Irish economy grew last year.

21st March, 2013
GNP, which excludes the profits of Irish-based multinationals, showed an increase of 3.4 per cent in 2012 over 2011.

Official figures released this morning show that the Irish economy grew last year.

Preliminary estimates indicate that GDP in volume terms increased by 0.9 per cent for the year 2012, according to data from the Central Statistics Office. This is the second year in succession in which GDP showed an increase over the previous year following three years of declines in GDP during 2008 to 2010, the CSO said.

GNP, which excludes the profits of Irish-based multinationals, showed an...

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