Economics
Ireland’s Economists Left Speechless by 26% Growth Figure
- Outsized GDP expansion leaves Irish analysts baffled
- Growth numbers driven by companies relocating to Ireland
Ireland Stuns World With 26% GDP Figure
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In three days, Jim Power is due in London to brief the British-Irish Trade Association on the state of the Irish economy. Now, he has no idea what he is going to say.
The economy grew 26 percent in 2015, officials from the Central Statistics Office told a stunned room full of economists and reporters in Dublin on Tuesday. Previously, they had estimated growth of 7.8 percent.