Economic jump is not a mystery - Take growth with pinch of salt

The latest economic figures released yesterday by the Central Statistics Office reveal that the recovery is firmly established. They show that the economy grew by more than 26% last year, an unprecedented result that eclipses anything happening during the Celtic Tiger years.

It is almost 10 times the level of growth in the EU and three times more than even the most optimistic economic forecasts.

The country’s gross domestic product (GDP) expanded by 26.3% in 2015 compared to 2014, while gross national product (GNP) — which measures production of Irish businesses both here and abroad — was up 18.7%.