Davy Research

Irish economy

Irish GDP surges in Q3

DAVY VIEW

The volatile Irish GDP numbers remain an analyst’s nightmare! The 4.2% surge in GDP in Q3 and the upward revisions to prior quarters mean that we will probably have to revise up our full-year GDP forecasts from the current 5%. However, the underlying story remains the same – one of a robust recovery in consumer spending and investment. This domestically-driven output is growing at about 5%, meaning that Ireland is still the fastest growing economy in Europe.

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