Sunday 11 December 2016

GDP figures increasingly obscure rather than illuminate

Published 13/12/2015 | 02:30

Home-grown Irish companies dominate the aircraft leasing industry globally, which is splendid for all concerned and for the Irish economy
Home-grown Irish companies dominate the aircraft leasing industry globally, which is splendid for all concerned and for the Irish economy

The economy is growing at 7pc. Apparently.

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That is what last Thursday's latest GDP data said.

According to the official numbers, during the third quarter of this year, the Irish economy was producing 7pc more than in the same period in 2014.

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