Pick-up in demand helps economy

As the country enjoyed its first week after the troika, the Government was greeted with strong growth figures from the quarterly national accounts that showed GDP rose by 1.5%.

Davy analyst Conall MacCoille said the rise in GDP was an indicator of the momentum that was building in the Irish economy for next year.

“The big picture from today’s data is that the economy has bounced back in the second half of the year, as we expected. This will provide strong momentum heading into 2014.