Market comment

Revisions to Irish GDP data show smaller bounce back in Q1

DAVY VIEW

Irish GDP is now estimated to have grown by 6.3% in Q1 2022 (versus 10.8% previously) largely due to a smaller bounce back among indigenous sectors from the COVID-19 restrictions. Nonetheless, the rebound clearly continued in Q2 and we still expect to revise up our forecast for Irish GDP growth in 2022 into double-digit territory from 8.2% currently.

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Jul 18 2022, 06:50 IST/BST

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