Ireland records highest GDP growth in EU

Ireland recorded the highest GDP growth rate in the EU during the first quarter of 2010, a new report said today.

The figures from Eurostat, the European Commission's statistical service, show Ireland's Q1 GDP up 2.7% compared with the previous quarter.

Overall, GDP in the 16-country eurozone and the 27-member wider bloc both increased by 0.2% during the first quarter of 2010.

In the fourth quarter of 2009, growth rates were up 0.1% in the euro area and 0.2% in the EU27.

"In comparison with the same quarter of the previous year, seasonally adjusted GDP rose in the first quarter of 2010 by 0.6% in the euro area and by 0.5% in the EU27, after -2.1% and -2.3% respectively in the previous quarter," Eurostat said.

"In the first quarter of 2010, among Member States for which seasonally adjusted GDP data are available, Ireland (+2.7%) recorded the highest growth rate compared with the previous quarter, followed by Sweden (+1.4%) and Portugal (+1.1%)."

At the bottom of the table was Lithuania, which saw GDP decline by 3.9% in the first quarter.

More in this Section

British bosses increasingly worried by climate change – surveyBritish bosses increasingly worried by climate change – survey

Apple CEO Tim Cook backs OECD multinational tax reform plansApple CEO Tim Cook backs OECD multinational tax reform plans

Kerry Airport increases passenger numbers despite BrexitKerry Airport increases passenger numbers despite Brexit

Boeing urged to drop ''Max'' brand name from grounded 737Boeing urged to drop ''Max'' brand name from grounded 737


Lifestyle

SECOND Captains is one of the long-running success stories in Irish podcasting. Ostensibly a sports show led by Eoin McDevitt, Ken Early, and Ciarán Murphy, the former Off The Ball team from Newstalk launched the podcast in mid-2013. two Monday shows are offered for free, with Tuesday-Friday behind a Patreon subscriber model and dubbed ‘The World Service’. It has more than 11,500 subscribers.Podcast Corner: First-class podcasts from Second Captains

The incredible life of Ireland’s first celebrity chef has been turned into a play, writes Colette SheridanHow Maura Laverty cooked up a storm

Their paths first crossed on the top floor of the library at University College Cork in October 2010 when both were students there so Amy Coleman and Steven Robinson were delighted to retrace their footsteps on their big day.Wedding of the Week: College sweethearts open new chapter

Peter Dowdall reveals why all roads will lead to Tullow in County Carlow on February 1Snowdrop patrol: Why all roads will lead to County Carlow

More From The Irish Examiner