Irish economy’s outsized growth keeps euro-area positive but note of caution attached

The unexpected growth of the euro area in the final quarter of last year is down to Ireland’s outsized expansion, according to economists

Ireland’s GDP growth brought euro area growth into positive growth in the last quarter

The outperformance of the Irish economy over the rest of its euro area peers has resulted in the entire area remaining growth positive.

The unexpected growth in the area in the final quarter of 2022 is squarely down to Ireland’s outsized performance, according to economists.

“The Irish economy, propelled by the presence of multinational corporations, expanded by 3.5 per cent contributing 0.1 percentage points to the euro-area figure and tipping the balance such that the ...