Wednesday September 23, 2020

Real Irish economic growth around 5 per cent - Davy

Economist says recent CSO figures 'divorced from reality'

11th August, 2016
Davy economist watching for Brexit effect on figures Pic:RollingNews.ie

Stockbroker Davy has said official figures for Irish economic growth are "divorced from reality".

In a research note, Davy economist Conall Mac Coille estimated that underlying growth in gross domestic product (GDP) was 6 per cent last year and 5 per cent in the first half of 2016.

The economist pointed out that, "as if to add insult to injury", the CSO figures also indicated that GDP contracted by 2.1 per cent in the first quarter of this...

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