Economy needs exports to stage recovery

Last Thursday, the CSO published its first estimates of how the economy performed in the opening quarter of this year, as well as revisions to GDP for recent years.

The British National Statistics Office also published similar data for the UK economy.

The headlines from the news agencies told the story. Revisions to GDP data showed that the Irish economy went back into recession in the second half of last year. Meanwhile, the so-called double-dip recession in the UK in 2012 had been revised away.