Tuesday 25 September 2018

No leprechauns behind this pot of gold as the economy surges ahead

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Donal O'Donovan

Donal O'Donovan

The leprechauns are not to blame this time, the experts insist. That's despite our economy displaying surging growth three times faster than even the rapidly recovering euro area.

The pace of Irish growth was 7.3pc last year, measured in terms of gross domestic product (GDP), the European Commission said.

This number matters because official EU figures are used to assess the size of Ireland's national debt, to determine our contribution to EU budgets, and as a benchmark to measure spending under the so-called Fiscal Rules.

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