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Ireland on track to hit GDP target for 2018 - minister

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By Reuters
Ireland on track to hit GDP target for 2018 - minister
Ireland's Minister for Finance Paschal Donohoe displays a copy of the 2019 budget on the steps of Government Buildings in Dublin, Ireland October 9, 2018. REUTERS/Clodagh Kilcoyne   -   Copyright  CLODAGH KILCOYNE(Reuters)

DUBLIN (Reuters) – Ireland is on track to hit its target of 7.5 percent gross domestic product growth for 2018 after it came in at 7.4 percent at the end of the third quarter, Finance Minister Paschal Donohoe said on Thursday.

“While the headline GDP figures can overstate activity in the Irish economy, domestic measures such as modified domestic demand clearly indicate that the economy continues to perform strongly,” Donohoe said in a statement.

“We must remain vigilant. The Irish economy faces a number of significant risks, in particular the potential fallout from Brexit, with the probability of a no-deal Brexit having risen of late, as well as increasing trade protectionism and potential overheating as the economy approaches full employment.”

(Reporting by Padraic Halpin; Editing by Robin Pomeroy)