The Irish economy retains considerable strengths, notably in the remarkable performance of the jobs market, but growth is now slowing
A container ship at Dublin Port: lower goods exports are a key reasons for the fall in Irish GDP. Judging the state of the Irish economy is complicated by the well-known distortions to many of the key statistics. The activities of multinationals here has created a range of issues, particularly in relation to Gross Domestic Product , the most commonly used international measure.in Ireland in recent months have not attracted too much attention. The latest data, published last Friday showed a 1.
That said, there are reasons for caution. The drop in GDP reflects a fall-off in exports from a number of big multinational sectors, including pharma and information technology. Some of this may relate to a decline in so-called contract manufacturing – the production of goods outside Ireland still counted in Irish GDP figures as it is organised from international headquarters based here. But some also relates to goods produced in Ireland..
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