Nobel laureate Paul Krugman says Irish officials are ‘in denial’ over economic growth

Krugman was responding to comments made by Gabriel Makhlouf, governor of the Central Bank, in the Financial Times

Krugman publicly criticised claims by the Central Bank that Ireland is experiencing real growth. Picture: Getty

Paul Krugman, a Nobel laureate in economics, has criticised comments by Irish officials that the country's economic growth is "real".

Gabriel Makhlouf, governor of the Central Bank, told the Financial Times on Sunday that the country’s growth comes from “real factories with real people”.

“Too many people think or jump to the conclusion that this is all about intellectual property that’s sort of moving around and it’s not real, and that’s wrong. This stuff, especially ...