GDP gives false impression, says report

LIVING standards in Ireland will be determined by the pace of productivity growth the economy can achieve in the medium term, a new report concludes.

Commissioned by Microsoft to commemorate its 20 years in Ireland it raises the old canard of Gross National Product (GNP) versus Gross Domestic Product (GDP) growth and its implications for the economy.

In essence, the report’s author Paul Tansey argued GDP figures gave a false impression of Irish productivity and economic growth.