Growth looks solid even with new GDP perspective

The most recent official growth statistics on the Irish economy were released last week.

They were contained within the CSO’s Quarterly National Accounts for the first quarter of 2017.

The data showed that in the first three months of the year, GDP registered a 2.6% decline. However, Irish GDP can be very volatile on a quarterly basis due to the openness of the economy including the impact of multinational activity, movements in intellectual property and aircraft leasing activity.