From The Irish Times: (Subsrciption required, unfortunately)
- The Irish economy is showing no signs of slowing down despite increased inflation, according to new figures published by the Central Statistics Office (CSO).
Growth was powered by strong consumer spending - the personal consumption of goods and services - which increased by 6 per cent on the same period last year and by capital investment which was 11.1 per cent higher than in the first quarter of 2005.
Today's figures show that Ireland's GDP rose by 5.8 per cent in the first quarter of the year while GNP increased by 7 per cent in the same period.
When trying to find non-subscription sources for this story, I came across a story about ISME's calls for action on inflation on BreakingNews.ie. In this second story, ISME seems to either contradict the first report, or to simply ignore its findings.
Is the end nigh? Are we due a soft landing? How do p.ie users interpret the differences between the two announcements, and what is the course of action the government should follow?