Irish GDP figures neatly tally with ‘fake news’ trend

Critical commentary about ‘leprechaun economics’ and ‘fake news’ is doing Ireland and its reputation no favours, writes Oliver Mangan

The recently published CSO National Accounts for 2016 show that GDP grew by 5.2% last year, which was stronger than expected.

Meanwhile, GNP is estimated to have grown by 9%, having been boosted by a decline in profit repatriations by multinational companies. Hence, it does not provide a true reflection of the real performance of the economy.