Wednesday 17 October 2018

Leo, the lucky leprechaun

 

Taoiseach Leo Varadkar Photo: Gerry Mooney
Taoiseach Leo Varadkar Photo: Gerry Mooney
Brendan O'Connor

Brendan O'Connor

Not that we're the type to lose the run of ourselves, but, right now, a lot of people are saying: "If this is leprechaun economics, then paint me green and call me King of the Little People."

The actual King of the Little People, Leo Varadkar, must be pinching himself. First he manages to effectively turn the tables on the relationship between Ireland and the UK, talking down to our former overlords as if they were bold children. And then, as he's still coasting on that one, along comes the news that in what the accountants call Q3, the Irish economy grew by double-digit figures on the year before, with GDP apparently up 10.4pc year-on-year. The economy actually grew 4.2pc in the third-quarter alone. Irish growth was eight times the growth of the rest of the eurozone for that glorious three months.

Now it looks like growth for the year could be around 7pc. Ireland could be growing faster than China, and we all know the Chinese just make up their figures anyway.

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