Economy expanding rapidly

The economy continued to grow at a rapid pace in the second quarter of the year, CSO figures published yesterday showed.

GDP expansion of 1.9% in the three months to the end of June from the previous three months means that Ireland’s economy continues to grow at the fastest rate in Europe.

Expansion by industry, which climbed by 4.1% in the quarter, and the large economic sector comprising distribution, transport, software and communications, up 2.9% in the same period, led the surge.