Economy

Irish economy fastest-growing in eurozone as region’s GDP revised up to 0.3%

Figures released today show that Ireland’s Gross Domestic Product (GDP) grew by 2.3 per cent between July and September, with Cyprus and Malta growing by 1.3 per cent

Fixed capital investment drove the region’s better performance, with household consumption also contributing. Picture: Andrew Fanning

Ireland has recorded the strongest economic growth in the eurozone in the third quarter of 2022, according to the new figures from Eurostat, the European statistics agency.

Today’s figures showed that Ireland’s Gross Domestic Product (GDP) grew by 2.3 per cent between July and September, with Cyprus and Malta growing by 1.3 per cent.

Overall, eurozone GDP grew slightly more than initially estimated, by 0.3 per cent for the third quarter. The revision follows an ...