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Ireland to end the year as the European Union's fastest growing economy again


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Old 10-12-2016, 12:59
ireland2day
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Seems Brexit is having no noticeable bad knock on effect to Ireland. Official CSO figures released yesterday show Ireland in 2016 will again be the EU's fastest performing economy.
This will be the third year in a row Ireland will have outperformed the remaining 27 bloc.

http://www.google.ie/url?sa=t&source...niMgttCGInwidQ
New CSO figures show GDP was up by 4%, compared to the previous quarter - and 6.9% higher than this time a year ago.

GNP, which many economists consider to be a better reflection of the native economy,*increased by 3.2% during the quarter.

Commenting, Jennifer Banim, Assistant Director General with responsibility for Economic Statistics said: "The three largest sectors of the economy experienced growth with Industry increasing by 3.8% in volume terms, Distribution, transport, software and communications growing by 5.3% and Other services showing 1.5% growth."
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Old 10-12-2016, 13:10
Doctor_Wibble
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Seems Brexit is having no noticeable bad knock on effect to Ireland.
So the doom and gloom was a lot of old cobblers or is it that we haven't left yet, ha ha just you wait, it will all come crashing down and serves you right because the remainers and leavers live in the same but somehow completely different countries so leave voters will suffer and remain voters will be fine and if will only negatively affect britain and the rest of the EU don't care what with not depending on britain anyway? Obviously people in Ireland will be sitting back in their deckchairs with their popcorn watching from a safe distance...

OTOH there's a prize or at least a fancy dinner for three years in a row?
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Old 10-12-2016, 13:25
Eurostar
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I was reading elsewhere this week that the Irish economy should continue to grow for the next few years even in the event of a 'hard Brexit' which is very good news, as the country is still emerging from recession and not back to where it needs to be yet.
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Old 10-12-2016, 13:30
ireland2day
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Ryanair CEO, Michael O’Leary has said he is hoping for a “really hard” Brexit and insisted the UK’s divorce from the EU will mean a big boost for the Irish economy.
http://www.newstalk.com/Ireland-to-b...Brexit--OLeary
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Old 10-12-2016, 13:37
Staunchy
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Overt patriotism always leaves me feeling nonplussed. When someone takes extreme pride in something that they had very little to do with, I lose focus of what they are taking pride in and query the need of the individual to express it.
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Old 10-12-2016, 15:58
Camp Freddie
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Ireland to end the year as the European Union's fastest growing economy again

Good for them as payback time has already started. Let`s see if they love the EU as much in 40 years time after paying in more than you get out.

http://www.irishtimes.com/business/e...o-eu-1.2656895
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Old 10-12-2016, 16:05
ireland2day
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Overt patriotism always leaves me feeling nonplussed. When someone takes extreme pride in something that they had very little to do with, I lose focus of what they are taking pride in and query the need of the individual to express it.
Steady on, I'm just highlighting a story that is basically just 24hrs old.
All the media reports in the various newspapers/radio/tv are reporting it as Ireland being the star EU performer in 2016.
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Old 10-12-2016, 16:13
MARTYM8
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Maybe this might have a bit to do with the strength of the U.K. Economy as we are by far away the biggest purchaser of Irish goods.

And of course their obscenely low corporation tax!
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Old 10-12-2016, 16:20
MargMck
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Steady on, I'm just highlighting a story that is basically just 24hrs old.
All the media reports in the various newspapers/radio/tv are reporting it as Ireland being the star EU performer in 2016.
And long may it continue. Long after we are gone and the EU hoover is on desperate super-suck, Ireland can cough up, so all good.
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Old 10-12-2016, 16:21
ireland2day
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Maybe this might have a bit to do with the strength of the U.K. Economy as we are by far away the biggest purchaser of Irish goods.

And of course their obscenely low corporation tax!

Don't foget the lovely Belgians. Irish exports are soaring to there.
http://www.thejournal.ie/ireland-bri...66202-Jul2016/

As for our corporation tax, no harm being competitive. In fact looks like the UK seem to want to take a leaf from our book on this issue.
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Old 10-12-2016, 16:25
Dacco
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Don't foget the lovely Belgians. Irish exports are soaring to there.
http://www.thejournal.ie/ireland-bri...66202-Jul2016/

As for our corporation tax, no harm being competitive. In fact looks like the UK seem to want to take a leaf from our book on this issue.
Take it Belgium likes its spuds then....
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Old 10-12-2016, 16:31
ireland2day
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Take it Belgium likes its spuds then....
And computer components
And services
And Dairy
And beef
And botox
And Viagra and other medicines
And IT services
And whiskey

And a whole lot more.
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Old 10-12-2016, 16:35
Dacco
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And computer components
And services
And Dairy
And beef
And botox
And Viagra and other medicines
And IT services
And whiskey

And a whole lot more.
Bet they mostly sell spuds though and potato waffles.
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Old 10-12-2016, 16:39
ireland2day
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Bet they mostly sell spuds though and potato waffles.
Shuushh, don't let everyone know, they'll be all trying to do it and outperform the Irish.
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Old 10-12-2016, 16:50
Doctor_Wibble
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Bet they mostly sell spuds though and potato waffles.
Wot no alphabet shapes???
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Old 10-12-2016, 17:01
allaorta
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Steady on, I'm just highlighting a story that is basically just 24hrs old.
All the media reports in the various newspapers/radio/tv are reporting it as Ireland being the star EU performer in 2016.
It's not that long ago that you were highlighting your story that even the threat of Brexit would be a disaster for Ireland. Perhaps it's not down to the EU but to the money we lent you in your moment of extreme need.
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Old 10-12-2016, 17:03
allaorta
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Don't foget the lovely Belgians. Irish exports are soaring to there.
http://www.thejournal.ie/ireland-bri...66202-Jul2016/

As for our corporation tax, no harm being competitive. In fact looks like the UK seem to want to take a leaf from our book on this issue.
You'd better pray they don't so that all your pluses become minuses.
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Old 10-12-2016, 17:04
allaorta
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Take it Belgium likes its spuds then....
It's about all they eat, their cuisine isgenerally atrocious, I put it down to the Vikings.
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Old 10-12-2016, 17:06
allaorta
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Bet they mostly sell spuds though and potato waffles.
Waffles, definitely.
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Old 10-12-2016, 17:07
John146
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Waffles, definitely.
Chips or Pommes Frites with Mayonaise poured all over.......
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Old 10-12-2016, 17:10
ireland2day
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It's not that long ago that you were highlighting your story that even the threat of Brexit would be a disaster for Ireland. Perhaps it's not down to the EU but to the money we lent you in your moment of extreme need.
I have always maintained Brexit would be an opportunity for the Republic and a nightmare for Northern Ireland.

Would you ever get over that loan, it was less than 5% of our overall bailout. And Denmark loaned us a bilateral loan and gave us a cheaper interest rate than the UK did.
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Old 10-12-2016, 18:19
B-29
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And long may it continue. Long after we are gone and the EU hoover is on desperate super-suck, Ireland can cough up, so all good.
Are you saying they will miss our net contributions?😂
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Old 10-12-2016, 21:45
allaorta
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I have always maintained Brexit would be an opportunity for the Republic and a nightmare for Northern Ireland.

Would you ever get over that loan, it was less than 5% of our overall bailout. And Denmark loaned us a bilateral loan and gave us a cheaper interest rate than the UK did.
Only when you've paid it back.
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