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Irish economy continues to perk up, year-on-year GDP growth hits 7.7%


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Irish economy continues to perk up, year-on-year GDP growth hits 7.7%

Ireland’s economy continues to regain strength. Gross domestic product was up by 1.5 percent in the second quarter, compared to the first three months of the year.

That makes the growth from the same period last year a whopping 7.7 percent.

Less than 12 months out of a three-year EU/IMF bailout, Ireland is bucking the eurozone trend.

Employment is growing strongly, exports have rebounded and people are beginning to spend again.

The Dublin government now expects the economy to grow by slightly over three percent this year after being stuck in neutral for the past two years.

with Reuters

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