Michael Noonan: Recovery secure but more to do

Finance Minister Michael Noonan was quick to welcome the strong GDP figures claiming they confirm the recovery is now “firmly embedded”. However, he warned more needs to be done.

Saying the figures confirm the increase in economic activity is broadly-based, Mr Noonan said the Government has “laid the foundations for this economic recovery, but there is more to be done”.

The CSO figures also led most economists to either immediately update their growth forecasts or suggest they would be doing so shortly.