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Thread: Irish economy was one of the few in EU to grow in 2012

  1. #1
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    Default Irish economy was one of the few in EU to grow in 2012

    It's good news, folks. GDP expanded by 0.9% in 2012. GNP was even better, growing by 3.4%. Many will say this is a better reflection on the strength of the economy

    Against the background of austerity and recession in our trading partners, this is a sterling performance.

    http://cso.ie/en/media/csoie/release...qna_q42012.pdf

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    Politics.ie Member Suttree's Avatar
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    I'm sure someone will be along shortly to explain how this is a bad thing, or at the very least how we shouldn't derive even a slight bit of satisfaction from it when something (anything) else is going wrong.
    "To strive, to seek, to find, and not to yield."

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    GDPR Deleted
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    Why wouldn't it?

    We have and have always had a fundamentally sound export based economy.

    This may come as a surprise to many here, but even though this is Ireland, we don't get everything wrong.

  4. #4
    Dylan2010
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    its all well in good but until the answer to the question of "is the national debt compounding faster than growth?" changes , its still deck chairs and titanic.

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    Politics.ie Member Rocky's Avatar
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    It is actually quite impressive how we're managing to grow albeit slowly while the rest of the EU stagnates.
    "Give us the future, we've had enough of YOUR past, Give us back our country, to live in, to grow in and to love..."

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    It's great news, but we really need higher growth. Hopefully we'll be up to 2% GDP growth for 2013. I've always thought that FG are the only party that have even the vaguest of notions what to do with the purse strings, with all the others being pro spending parties. *Note not that I agree with all of FG financial policy, and I strongly disagree with the cuts to frontline services, while maintaining bloated senior civil servant and TD's salaries, pensions, bonuses and expenses.

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    GDP seems to be bumping along at about €40 billion per quarter since the start of 2011. I can't see the recovery.

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    Quote Originally Posted by tonic View Post
    Why wouldn't it?

    We have and have always had a fundamentally sound export based economy.

    This may come as a surprise to many here, but even though this is Ireland, we don't get everything wrong.
    I totally agree. But don't underestimate the doom pornistas....

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    Quote Originally Posted by Dylan2010 View Post
    its all well in good but until the answer to the question of "is the national debt compounding faster than growth?" changes , its still deck chairs and titanic.
    Well, if you want an answer, you could Google "Irish debt to GDP ratio".

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