Paris-based agency highlights strong Irish GDP growth in latest batch of growth numbers for industrialised bloc
Mr Makhlouf told The Financial Times that much of Ireland’s growth comes from “real factories with real people” even if a lot of activity stems from big technology and pharmaceutical groups.The latest OECD estimates of annual GDP growth indicate that GDP continued to grow in the OECD in 2022 , but at a more moderate pace than in 2021 when economies were recovering from the immediate impact of the Covid-19 pandemic.The figures paint a “mixed picture” of industrialised economies.
On the other hand, GDP grew by 0.2 per cent in Japan following a contraction of 0.3 per cent in Q3 2022, and was flat in the United Kingdom following a contraction of 0.2 per cent in the previous quarter[ Of the OECD countries closest to the war in Ukraine, GDP contracted in Poland in Q4 2022 , the strongest contraction in OECD countries for which data is available.
GDP also contracted in Lithuania and in Hungary, although at a slower pace . On the other hand, growth remained steady in the Slovak Republic.
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